SBLP Senior Living Fund I Secures $116M Loan For 383-Unit Senior Housing In Lincolnwood
3501 Northeast Pkwy, Lincolnwood, Illinois 60712, United States
$116,000,000
Units
383
Asset Type
—
Closing
Jul 6, 2022
About this deal
AI
The senior housing property located at 3501 Northeast Parkway in Lincolnwood has been involved in a recent closed transaction. This property consists of 383 units and is a part of the Lincolnwood market. The transaction took place on 07/07/2022 and the loan amount for this deal was $116,000,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $116,000,000
- Address: 3501 Northeast Parkway
- Market: Lincolnwood
- Units: 383
The lender for this transaction was greystone''>Greystone, represented by Cary Tremper and Matt Miller. The landlord in this deal was SBLP Senior Living Fund I.
Players
Lincolnwood CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93