Bellwether Enterprise Real Estate Capital LLC Secures $72M Loan For Senior Housing Portfolio In Chicago, Franklin Park, Des Plaines, Baltimore, And Newark
FINANCED
$72,069,154
Illinois
See Similar DealsOther
Financed 05/12/2021
FINANCED
Bellwether Enterprise Real Estate Capital LLC Secures $72M Loan For Senior Housing Portfolio In Chicago, Franklin Park, Des Plaines, Baltimore, And Newark
920 W Lawrence Ave, Chicago, IL, USA
See Similar DealsOther
Financed 05/12/2021
Summary
ILLINOIS
Asset Type:Other
Transaction Type:Loan
A senior housing property portfolio located in Chicago, Franklin Park, Des Plaines IL, Baltimore, MD, and Newark, NJ has been involved in a recent transaction. The properties included in this deal are situated at 920 W Lawrence Ave, 9535 W. Franklin Avenue, 1301 Ashland Ave, 501 Dolphin St, and 685 Dr Martin Luther King Jr Blvd. The transaction took place on 05/12/2021 and the loan amount associated with this deal is $72,069,154.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $72,069,154
- Market: Chicago, Franklin Park, Des Plaines IL, Baltimore, MD, and Newark, NJ
The landlord in this transaction is Bellwether Enterprise Real Estate Capital LLC, represented by Victor Agusta. Victor Agusta played a significant role in facilitating this deal.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$72,069,154.00
Monthly NOI$480,461.03
Monthly Debt Service$455,526.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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