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CIL Secures $28.6 Million Loan From Jeffrey Tengel Of Rockland Trust For Senior Housing Development
FINANCED
$20,100,000
Massachusetts
See Similar DealsSenior Housing
Financed 07/18/2025
FINANCED
CIL Secures $28.6 Million Loan From Jeffrey Tengel Of Rockland Trust For Senior Housing Development
Senior Housing
Financed 07/18/2025
Summary
Asset Type:Senior Housing
Transaction Type:Loan
The Senior Housing Portfolio includes multiple group homes located in various markets such as Agawam, Amherst, Chelmsford, Dighton, Easthampton, Framingham, Middleborough, Rehoboth, Scituate, South Hadley, Springfield, Wareham, Williamsburg, and Wilmington, MA. The total loan amount secured for this development project is $20,100,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $20,100,000
- Lender: Jeffrey Tengel - Rockland Trust
CIL secured a total of $28.6 million in financing from Rockland Trust to facilitate the development of 15 group homes and to expand disability-focused housing across Massachusetts and the U.S.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,100,000.00
Monthly NOI$134,000.00
Monthly Debt Service$127,045.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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