Updated Dec 21, 2023
Ascentria Care Alliance Acquires Senior Housing In Brookfield, Worcester, And Southbury For $85.5M Loan
47 E Main St, West Brookfield, MA, USA
$85,500,000
Building Size
—
Asset Type
Other
Closing
Aug 2, 2020
About this deal
AI
The recently closed transaction involved the acquisition of three senior housing properties located at 47 E Main St, 26 Harvard St, and 990 Main St N. The properties are situated in Brookfield, MA, Worcester, MA, and Southbury, CT, respectively. The total loan amount for this acquisition was $85,500,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $85,500,000
- Borrower: Ascentria Care Alliance - Angela Bovill
- Broker: Ziegler
Angela Bovill, representing Ascentria Care Alliance, played a crucial role in securing the loan for this acquisition. The broker for this deal was Ziegler.
Players
West Brookfield Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93