Birchwood Secures $10M Bridge Loan For 100-Unit Healthcare Property In Des Moines
FINANCED
$10,000,000
Nursing Home28,000 SF
Financed 01/05/2024
FINANCED
Birchwood Secures $10M Bridge Loan For 100-Unit Healthcare Property In Des Moines
3510 Northwest Abilene Road
See Similar DealsNursing Home28,000 SF
Financed 01/05/2024
Summary
IOWA
Asset Type:Nursing Home
Price Per Square Foot:$357
Total Square Footage:28,000 SF
Transaction Type:Loan
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions