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Loan · Senior Housing

Updated Jun 11, 2025

Avi Begun Of Meridian Capital Group Secures $58 Million Refinance Loan For Senior Housing Portfolio In Largo
FINANCEDSenior Housing

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

About this deal

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

Avi Begun

Meridian Capital Group

Broker

$406.3M

vol

6 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
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Market 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

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