Updated Oct 28, 2024
Dwight Mortgage Trust Provides $27M Acquisition Loan For Multifamily Portfolio In Jamestown & Frewsburg
560 Fairmount Avenue, Jamestown, New York 14701, United States
$27,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 10, 2022
About this deal
AI
Culture Care Senior Living, represented by Gary Rohinsky, has acquired a multifamily property located at 560 Fairmount Avenue, 106 West Main Street, and 17 Gifford Avenue in Jamestown and Frewsburg. The property was purchased with a loan from Dwight Mortgage Trust for a total amount of $27,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Address: 560 Fairmount Avenue, 106 West Main Street, and 17 Gifford Avenue
- Market: Jamestown and Frewsburg
Gary Rohinsky, acting on behalf of Culture Care Senior Living, facilitated the acquisition of this multifamily property. Culture Care Senior Living is now the landlord of the property.
Players
Jamestown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93