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2315 Campbell Drive, Marsha...

Greystone Provides $10.3M Refinance Loan For Senior Housing In Marshalltown, IA
FINANCED

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.

Players

Eric Rosenstock

Greystone

Broker

$1.4B

vol

21 deals

Broker
Greystone
GreystoneBrokerage
Greystone
GreystoneLender

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