facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Other

/

Loan

/

Brighton, Boston, Massachus...

Apollo Provides $1.7B Recap And Debt Financing For Hospital Portfolio In Massachusetts
FINANCEDOther

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

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

Christopher Bodnar

CBRE

Broker

$2.6B

vol

24 deals

Broker
Apollo Bank
Apollo BankLender

Boston Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

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