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Walker & Dunlop Arranges $43.2M Loan For Nursing Facility Portfolio In Illinois

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FINANCED
$43,242,500

Illinois

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Financed 12/09/2021
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Property Image
FINANCED

Walker & Dunlop Arranges $43.2M Loan For Nursing Facility Portfolio In Illinois

900 Corporation St, Bridgeport, IL, USA

See Similar Deals
Other
Financed 12/09/2021
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Summary

ILLINOIS
Asset Type:Other
Transaction Type:Loan

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

Brad Annis
3 deals$139.9M volume
BROKER

Details

FINANCED
IMAGE: Joshua Rosen DATE: 12/09/2021 ADDRESS: 900 East Corporation Street, 5701 West 79th Street, 1212 South 2nd Street, 1024 East Tyler, 555 West Kahler Road & 707 West Riverside Boulevard MARKET: Bridgeport, Burbank, Dekalb, Litchfield, Wilmington & Rockford, Illinois ASSET TYPE: Nursing Facility ~ UNITS: 277 ~ BEDS: 640 BROKERS: Joshua Rosen & Brad Annis - Walker & Dunlop, Inc. LOAN AMOUNT: $43,242,500

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$43,242,500.00

Monthly NOI$288,283.33
Monthly Debt Service$273,322.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00