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44 West Webster Street, Man...

The Courville Co. Secures $23.8M Loan For Assisted Living Properties In Manchester, Bedford, And Nashua NH
FINANCEDOther

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

Lisa Fischman

Broker

$32.4M

vol

2 deals

Broker

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