Goldman Sachs & JPMorgan Chase Provide $641.8M Loan For KinderCare Learning Centers Porfolio In Palatine, IL
Kindercare Learning Center, Roselle, IL, USA
$641,800,000
$12,484/SF
Building Size
51,408 SF
Asset Type
Other
Closing
Jul 21, 2020
About this deal
AI
The KinderCare Learning Centers Portfolio, located in Palatine, IL, has been involved in a recent transaction. The property, categorized as a school, was the subject of a loan. The loan amount for this transaction was $641,800,000, with the terms being a two-year, floating-rate, and interest-only mortgage loan. The loan also includes three one-year extension options. The lenders for this transaction were Goldman Sachs and JPMorgan Chase, while the landlord involved was NRT.
Summary of transaction details
- Property Type: School
- Transaction Amount: $641,800,000
- Address: KinderCare Learning Centers Porfolio
- Market: Palatine, IL
This transaction involved key individuals and companies. Ryan Gorman is the person associated with the image related to this transaction. Please note that additional information regarding other individuals or companies involved is not available in the provided context.
On the Map
$641,800,000
$12,484/SF
Other
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Players
Roselle Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93