Updated Oct 28, 2024
Apollo Provides $1.7B Recap And Debt Financing For Hospital Portfolio In Massachusetts
Brighton, Boston, Massachusetts, United States
$1,700,000,000
Building Size
—
Asset Type
Other
Closing
Mar 20, 2022
About this deal
AI
The Hospital Portfolio, located in Brighton, Methuen, Haverhill, Brockton, Fall River, Taunton, Ayer, and Dorchester, MA, was involved in a closed transaction. The property asset involved in this deal is a hospital.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $1,700,000,000
- Lender: Apollo
- Landlord: Medical Properties Trust
The deal was facilitated by CBRE, with brokers Keith Harris, Lee Asher, Chris Bodnar, Ryan Lindsley, Jordan Selbiger, and James Millon representing the parties involved. The transaction included a recap and debt financing, providing a substantial loan amount for the hospital portfolio.
Players
Boston Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93