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.
Players
Sharon School Market Snapshot
Boundary boundary · School · Loan transactions
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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