The Courville Co. Secures $23.8M Loan For Assisted Living Properties In Manchester, Bedford, And Nashua NH
44 West Webster Street, Manchester, NH, USA
$23,800,000
Building Size
—
Asset Type
Other
Closing
Dec 7, 2020
AI
The Courville Co. has secured a loan amount of $23,800,000 for three properties located in Manchester, Bedford, and Nashua, NH. The properties include an assisted living facility situated at 44 W. Webster Street, another one located at 40 NH-101, and a third property found at 80 Lake Street. The loan transaction took place on 12/08/2020.
Summary of transaction details
- Property Type: Assisted Living
- Transaction Amount: $23,800,000
- Market: Manchester, Bedford, & Nashua, NH
- Landlord: The Courville Co.
- Broker: Lisa Fischman - Greystone
In this transaction, Lisa Fischman from Greystone represented The Courville Co. as the broker. The loan provided by the lender will facilitate the operations and development of the assisted living properties owned by The Courville Co. in Manchester, Bedford, and Nashua, NH.
Players
Manchester Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93