Daily limit: 0/10
PGIM Real Estate Provides $16.1M Acquisition And Rehabilitation Loan For Senior Housing In Billings, Montana
FINANCED
$16,140,000
Montana
See Similar DealsSenior Housing
Financed 06/16/2023
FINANCED
PGIM Real Estate Provides $16.1M Acquisition And Rehabilitation Loan For Senior Housing In Billings, Montana
769 Fallow Lane Billings, Montana 59102, USA
See Similar DealsSenior Housing
Financed 06/16/2023
Summary
MONTANA
Asset Type:Senior Housing
Transaction Type:Loan
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,140,000.00
Monthly NOI$107,600.00
Monthly Debt Service$102,015.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions