Updated Oct 28, 2024
MassHousing Provides $23.5M Loan For Senior Housing In Auburndale, MA
160 Stanton Ave, Auburndale, MA, USA
$23,500,000
$208/SF
Building Size
112,881 SF
Asset Type
Other
Closing
Sep 16, 2021
About this deal
AI
Located at 160 Stanton Ave in Auburndale, MA, this senior housing property comprises of 199 units. The transaction took place on 09/16/2021, involving a loan amount of $23,500,000. masshousing''>MassHousing, represented by Chrystal Kornegay, provided the loan for this deal. The landlord of the property is 2Life Communities, represented by Amy Schectman.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $23,500,000
- Address: 160 Stanton Ave, Auburndale, MA
- Units: 199
Chrystal Kornegay from MassHousing played a key role in this transaction as the lender. Amy Schectman, representing 2Life Communities, served as the landlord for this senior housing property deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93