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.
On the Map
$12,700,000
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Players
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