Avi Begun Of Meridian Capital Group Secures $58 Million Refinance Loan For Senior Housing Portfolio In Largo
$58,000,000
Building Size
—
Asset Type
Senior Housing
Closing
Apr 29, 2025
AI
The transaction involves a senior housing portfolio located in Largo, FL. A refinance loan amounting to $58,000,000 was secured for this portfolio, with specific structuring including a 3-year term and 2.5 years of interest-only payments, allowing for operational flexibility in executing the business plan.
Summary of transaction details:
- Property Type: Senior Housing Portfolio
- Transaction Amount: $58,000,000
- Loan Type: Refinance
- Broker: Avi Begun - Meridian Capital Group
- Date Closed: 4/30/2025
- Market: Largo, FL
Avi Begun, from Meridian Capital Group, played a crucial role in closing this transaction through the Senior Housing & Healthcare Finance team. The team's expertise in structuring solutions positioned them as leaders in the senior housing sector, enhancing flexibility for their client during the refinancing process.
Players
Largo Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93