Updated Mar 11, 2025
Bluegrass Health Partners Secures $9M Bridge Loan For Nursing Home In Lexington, KY
2020 Cambridge Dr Lexington, KY 40504, USA
$9,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2023
About this deal
AI
The nursing home located at 2020 Cambridge Drive in Lexington, KY was involved in a recent loan transaction. The loan was provided by Bravo Bridge Fund, with Aaron Krawitz serving as the lender's representative. The loan amount for this bridge loan was $9,000,000.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $9,000,000
- Lender: Bravo Bridge Fund - Aaron Krawitz
- Landlord: Bluegrass Health Partners
- Market: Lexington, KY
In addition to the financial aspects of the deal, Bluegrass Health Partners acted as the landlord for the nursing home. Please note that no further information regarding the property or individuals involved in the transaction was provided.
Players
Lexington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93