Updated Oct 29, 2024
Link Senior Development LLC Secures $51.8M Construction Loan For Senior Housing In Albuquerque, NM
4500 Quaker Heights Place Northwest, Albuquerque, New Mexico 87120, United States
$51,800,000
Building Size
—
Asset Type
—
Closing
Apr 17, 2023
About this deal
AI
A construction loan of $51,800,000 has been secured for the senior housing property located at 4500 Quaker Heights Place in Albuquerque, NM. The loan is provided by an undisclosed lender.
Summary of transaction details:
- Property Type: Senior Housing
- Loan Amount: $51,800,000
- Loan Type: Construction
- Market: Albuquerque, NM
- Landlord: Link Senior Development LLC
- Broker: Alanna Ellis - JLL
Alanna Ellis of JLL represented the landlord, Link Senior Development LLC, in securing the construction loan.
The commercial loan at 4500 Quaker Heights Place Northwest, Albuquerque, New Mexico 87120, United States in Albuquerque, New Mexico financed for $51.8M in 2023. Alanna Ellis, JLL appear on the loan alongside JLL. This page is the Albuquerque, New Mexico file for the 4500 Quaker Heights Place Northwest, Albuquerque, New Mexico 87120, United States commercial financed: pricing, party profiles, and other closed commercial comps from the same Albuquerque sit in the Market section below. Filter that Albuquerque commercial set by closing date to see what else financed near 4500 Quaker Heights Place Northwest, Albuquerque, New Mexico 87120, United States around 2023. Published consideration for 4500 Quaker Heights Place Northwest, Albuquerque, New Mexico 87120, United States is $51.8M, dated 2023. Cite this Link Senior Development LLC Secures $51.8M Construction Loan For Senior Housing In Albuquerque, NM loan when underwriting similar commercial product around Albuquerque, New Mexico.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93