PGIM Real Estate Provides $16.1M Acquisition And Rehabilitation Loan For Senior Housing In Billings, Montana

769 Fallow Lane

Senior Housing

Financed 325 days ago

Summary

Loan

MONTANA

Senior Housing

PGIM Real Estate has provided a loan of $16,140,000 for the acquisition and rehabilitation of a senior housing property located at 769 Fallow Lane in Billings, MT. The property consists of 101 units and is owned by Lincoln Avenue Capital.

Summary of transation details

Property Type: Senior Housing
Transaction Amount: $16,140,000
Lender: PGIM Real Estate - Alex Viorst
Landlord: Lincoln Avenue Capital
Loan Type: Acquisition and Rehabilitation
Market: Billings, MT

Alex Viorst from PGIM Real Estate served as the lender's representative in this transaction, facilitating the loan for the acquisition and rehabilitation of the senior housing property owned by Lincoln Avenue Capital.

Details

Deal Summary

FINANCED

IMAGE: Alex Viorst DATE: 06/16/2023 ADDRESS: 769 Fallow Lane MARKET: Billings, MT ASSET TYPE: Senior Housing ~ UNITS: 101 LENDER: PGIM Real Estate - Alex Viorst LANDLORD: Lincoln Avenue Capital LOAN AMOUNT: $16,140,000 LOAN TYPE: Acquisition and Rehabilitation

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Address769 Fallow Lane

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