Greystone Provides $10.3M Refinance Loan For Senior Housing In Marshalltown, IA
2315 Campbell Drive, Marshalltown, Iowa 50158, United States
$10,275,000
Building Size
—
Asset Type
—
Closing
Nov 29, 2021
AI
The senior housing property located at 2315 Campbell Dr in Marshalltown, IA has recently undergone a loan refinancing transaction. The property, owned by The Willows of Marshalltown LLC, consists of 110 beds and is situated in the Marshalltown market.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $10,275,000
- Address: 2315 Campbell Dr
- Market: Marshalltown, IA
- Beds: 110
The loan for this transaction was provided by greystone''>greystone'>Greystone. Eric Rosenstock and Jesse Yodice from Greystone served as the brokers representing the parties involved in the deal. The loan features a 40-year term and amortization, as well as a low, fixed interest rate.
Marshalltown 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93