Cambridge Realty Capital Cos Provides $10.7M Loan For Madison Avenue Nursing Facility
51 Madison Avenue, Madison, New Jersey 07940, United States
$10,700,000
Building Size
—
Asset Type
Other
Closing
Mar 14, 2022
AI
A nursing facility located at 51 Madison Avenue in the Madison market has recently undergone a closed property transaction. The facility is equipped with 102 beds, providing essential care for residents in need.
Summary of transation details
- Property Type: Nursing Facility
- Transaction Amount: $10,700,000
- Address: 51 Madison Avenue
- Market: Madison
- Asset Type: Nursing Facility
- Beds: 102
The loan for this transaction was provided by Cambridge Realty Capital Cos, with Jeffrey Davis serving as the representative for the lender. The loan amount totaled $10,700,000, facilitating the completion of the property transaction.
Players
Madison 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93