Updated Dec 4, 2024
Berkadia Arranges $72M Construction Loan For Englewood Senior Housing In Atlanta
413 Englewood Avenue Southeast
$72,000,000
Units
160
Asset Type
Senior Housing
Closing
May 10, 2024
About this deal
AI
Englewood Senior is a proposed 160-unit affordable seniors housing development in Atlanta. The project, located at 413 Englewood Ave. SE, is estimated to cost $72 million. Berkadia arranged financing for this construction project.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $72,000,000
- Address: 413 Englewood Avenue Southeast
- Market: Atlanta, GA
- Asset Type: Senior Housing
- Units: 160
- Brokers: Angela Folkers & Carolyn Whatley - Berkadia
- Loan Type: Construction
Berkadia played a crucial role in securing the $72 million construction loan for Englewood Senior, reinforcing its commitment to facilitating the development of affordable senior housing in Atlanta.
On the Map
$72,000,000
Senior Housing
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Players
Atlanta 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93