Atrium Centers Inc. Secures $87M Loan For Midwest SNF Portfolio In Ohio, Michigan & Wisconsin
Michigan, United States
$87,000,000
Units
691
Asset Type
Other
Closing
Jul 26, 2022
About this deal
AI
Located in Ohio, Michigan, and Wisconsin, the Midwest SNF Portfolio is a medical facility consisting of 691 units. The property is owned by Atrium Centers Inc. and recently underwent a loan transaction.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Amount: $87,000,000
- Address: Midwest SNF Portfolio
- Market: Ohio, Michigan, and Wisconsin
- Lender: Lument - Brad Competty
- Landlord: Atrium Centers Inc.
- Loan Image: Brad Competty
- Date: 07/26/2022
The lender involved in the loan transaction is Lument, represented by Brad Competty. The Midwest SNF Portfolio, owned by Atrium Centers Inc., secured a loan amount of $87,000,000. This transaction highlights the commitment of Atrium Centers Inc. to the growth and development of their medical facility portfolio.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93