Walker & Dunlop Arranges $43.2M Loan For Nursing Facility Portfolio In Illinois
900 Corporation St, Bridgeport, IL, USA
$43,242,500
Units
277
Asset Type
Other
Closing
Dec 9, 2021
About this deal
AI
The nursing facility located at 900 East Corporation Street, 5701 West 79th Street, 1212 South 2nd Street, 1024 East Tyler, 555 West Kahler Road, and 707 West Riverside Boulevard in Bridgeport, Burbank, Dekalb, Litchfield, Wilmington, and Rockford, Illinois was recently involved in a closed transaction. The facility consists of a total of 277 units and features 640 beds, providing essential care to individuals in need.
Summary of transaction details
- Property Type: Nursing Facility
- Transaction Amount: $43,242,500
- Loan Amount: $43,242,500
The transaction was facilitated by brokers Joshua Rosen and Brad Annis from Walker & Dunlop, Inc. They played a crucial role in representing the parties involved in the deal. The specific roles of the parties, such as the buyer, seller, landlord, or tenant, were not mentioned in the provided information.
Players
Bridgeport Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93