FINANCED
Sabra Health Care REIT, Inc. Refinances Senior Housing In Fort Wayne, IN For $12.7M
4411 Park Place Drive, Fort Wayne, Indiana 46845, United States
$12,700,000
Units
172
Asset Type
—
Closing
Feb 1, 2022
About this deal
AI
Sabra Health Care REIT, Inc. has completed a refinancing loan transaction for a senior housing property located at 4411 Park Place Dr, Fort Wayne, Indiana. The property consists of 172 units and was refinanced for a loan amount of $12,700,000.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $12,700,000
- Address: 4411 Park Place Dr, Fort Wayne, Indiana
- Market: Fort Wayne, Indiana
- Lender: lument''>Lument
- Lender's Representative: David Boitano
- Landlord: Sabra Health Care REIT, Inc.
Dave Boitano from Lument represented the lender in this refinancing loan deal.
Players
LumentLender
SI
Sabra Health Care REIT, Inc.Landlord
Fort Wayne CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93