Bellwether Enterprise Real Estate Capital Provides $21M Loan For Senior Housing In Naperville
1619 Mill Street, Naperville, Illinois 60563, United States
$21,000,000
$83/SF
Building Size
251,141 SF
Asset Type
—
Closing
Jan 26, 2022
About this deal
AI
Located at 1619 N. Mill St in Naperville, this senior housing property consisting of 101 units has recently undergone a closed transaction. The deal involved a loan amounting to $21,000,000 on a 10-year term. The property is owned by Bourne Financial Group and HRA Senior Living.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $21,000,000
- Address: 1619 N. Mill St, Naperville
- Market: Naperville
- Loan Terms: 10-year loan
- Units: 101
Bellwether Enterprise Real Estate Capital, represented by Ryan Stoll and Taylor Mokris, provided the loan for this transaction. The involvement of these individuals and companies contributed to the successful completion of the deal.
Players
Naperville CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93