FINANCED
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
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.
Players
Albuquerque CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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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