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].
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