Cambridge Realty Capital Cos Refinances Senior Housing In Burlington, IA For $10.4M
4925 West Avenue, Burlington, Iowa 52601, United States
$10,400,000
Building Size
—
Asset Type
—
Closing
Oct 26, 2022
About this deal
AI
The senior housing located at 4925 West Ave in Burlington, IA has undergone a loan refinancing transaction. The property, known for its senior housing facilities, was involved in a transaction facilitated by Cambridge Realty Capital Cos. The loan amount for this refinancing deal was $10,400,000.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $10,400,000
- Lender: Cambridge Realty Capital Cos
- Broker: Denny Howell - Howell Investment Finance
Denny Howell of Howell Investment Finance played a crucial role as the broker representing the parties involved in this loan refinancing transaction.
Players
Burlington CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93