Updated Oct 12, 2026
Birchwood Secures $10M Bridge Loan For 100-Unit Healthcare Property In Des Moines
3510 Northwest Abilene Road
$10,000,000
$357/SF
Building Size
28,000 SF
Asset Type
Nursing Home
Closing
Jan 5, 2024
About this deal
AI
The property asset involved in this closed transaction is a healthcare property located at 3510 NW Abilene Rd in Des Moines, IA. The property consists of 100 units.
Summary of transaction details:
- Property Type: Healthcare
- Transaction Amount: $10,000,000
- Lender: Bravo Property Trust / Bravo Capital
- Landlord: Birchwood
- Loan Type: Bridge
The lender in this transaction is Bravo Property Trust / Bravo Capital. The landlord of the property is Birchwood. The loan amount for the transaction is $10,000,000, and it is a bridge loan.
On the Map
$10,000,000
$357/SF
Nursing Home
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Players
Ankeny Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93