Updated Sep 15, 2026
Lowell Milken Secures $650M Refinance Loan From Goldman Sachs For Childcare Portfolio
700 South Main Street
$650,000,000
Building Size
—
Asset Type
School
Closing
Sep 4, 2026
About this deal
AI
The asset involved in this transaction is a portfolio of 549 daycare properties, collectively encompassing more than 4 million square feet. The properties are situated across 37 states within the United States. The transaction involves a loan amount of $650,000,000, specifically for refinancing purposes.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $650,000,000
- Lender: Goldman Sachs
- Landlord: Lowell Milken - NRT
The deal was executed by an entity associated with NRT, a private REIT backed by billionaires Lowell and Michael Milken, indicating strong financial backing for the refinancing effort aimed at the expansive portfolio of childcare facilities.
On the Map
$650,000,000
School
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Sharon School Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93