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Avi Begun Of Meridian Capit...

Avi Begun Of Meridian Capital Group Secures $12.3M Acquisition Loan For Supportive Living Facility In Illinois
FINANCEDOther

Avi Begun Of Meridian Capital Group Secures $12.3M Acquisition Loan For Supportive Living Facility In Illinois

$12,300,000

$106/SF

Building Size

115,434 SF

Asset Type

Other

Closing

May 1, 2024

AI

The asset involved in the transaction is a supportive living facility and memory care with a total square footage of 115,434. The loan amount for this acquisition is $12,300,000, and the transaction is situated in the Illinois market.

Summary of transaction details:

  • Property Type: Supportive Living Facility and Memory Care
  • Transaction Amount: $12,300,000
  • Market: Illinois
  • Broker: Avi Begun - Meridian Capital Group
  • Loan Type: Acquisition Loan

This transaction is represented by Avi Begun, who serves as the Senior Vice President at Meridian Capital Group. His contact information includes the phone number 516-316-9413 and the email address [email protected].

Players

Avi Begun

Meridian Capital Group

Broker

$354.3M

vol

5 deals

Broker

Market Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93