Avi Begun Of Meridian Capital Group Secures $12.3M Acquisition Loan For Supportive Living Facility In Illinois
FINANCED
$12,300,000
Illinois
See Similar DealsOther115,434 SF
Financed 05/01/2024
FINANCED
Avi Begun Of Meridian Capital Group Secures $12.3M Acquisition Loan For Supportive Living Facility In Illinois
Other115,434 SF
Financed 05/01/2024
Summary
Asset Type:Other
Price Per Square Foot:$106
Total Square Footage:115,434 SF
Transaction Type:Loan
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].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,300,000.00
Monthly NOI$82,000.00
Monthly Debt Service$77,744.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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