Updated May 12, 2025
Cambridge Realty Capital Refinances Senior Housing Property In Sarasota For $29.2M
3251 Proctor Road
$29,200,000
Units
192
Asset Type
Senior Housing
Closing
Oct 20, 2023
About this deal
AI
The property asset involved in the transaction is a senior housing facility located at 3251 Proctor Road in Sarasota, featuring a total of 192 units. The loan amount secured for this asset is $29,200,000 with a refinance loan type and terms spanning 35 years.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $29,200,000
- Loan Type: Refinance
- Loan Terms: 35-year
- Lender: Cambridge Realty Capital
- Landlord: DePizzo Enterprises - John A. Depizzo
The deal involves key individuals and companies, where John A. Depizzo represents DePizzo Enterprises in this transaction as the landlord, facilitating the refinancing process for the senior housing asset in Sarasota.
Players
Wellsville 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
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93