The Procter Co. Secures $19.5M Refinancing Loan For Huntington Medical Center In Huntington, NY
180 East Pulaski Road
$19,500,000
$294/SF
Building Size
66,316 SF
Asset Type
Medical Office
Closing
Oct 6, 2023
AI
The Procter Co. has successfully secured a $19.5 million refinancing loan for the Huntington Medical Center, a 66,316-square-foot medical office building located at 180 East Pulaski Road in Huntington Station, New York. The property is situated in the market of Huntington Station.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $19,500,000
- Address: 180 East Pulaski Road
- Market: Huntington Station
- Landlord: The Procter Co.
The loan was provided by 40|86 Mortgage Capital. The brokers involved in the deal were Charles Cotsalas and Robert Delitsky from NorthMarq. The refinancing loan will support the continued operation and maintenance of the Huntington Medical Center, contributing to the ongoing provision of medical services in the area.
Players
Huntington Station Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93