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Bellwether Enterprise Closes $26.7M Refinance Loan For Village Green In Levittown

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FINANCED
$26,661,800

New York

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MultiFamily
Financed 05/08/2023
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Property Image
FINANCED

Bellwether Enterprise Closes $26.7M Refinance Loan For Village Green In Levittown

90 Schoolhouse Rd Levittown, NY 11756, USA

See Similar Deals
MultiFamily
Financed 05/08/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

Bellwether Enterprise Real Estate Capital has closed a $26.7 million loan to refinance the Village Green assisted living and memory care community in Levittown, NY. The loan was originated by Taylor Mokris and Ryan Stoll on behalf of a regional developer and owner of seniors and affordable housing. The loan has a three-year term and a 30-year amortization, with 24 months of interest-only payments and a sub-300 loan spread.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,661,800
  • Address: 90 Schoolhouse Rd, Levittown, NY
  • Market: Levittown

Taylor Mokris and Ryan Stoll from Bellwether Enterprise Real Estate Capital LLC facilitated the loan deal for the Village Green assisted living and memory care community in Levittown, NY.

Players

BL
Bellwether Enterprise Real Estate Capital LLC
LENDER
BL
Bellwether Enterprise Real Estate Capital LLC
LENDER
Bellwether Enterprise
Bellwether Enterprise
LENDER

Details

FINANCED
IMAGE: Taylor Mokris & Ryan Stoll DATE: 05/08/2023 ADDRESS: 90 Schoolhouse Rd MARKET: Levittown ASSET TYPE: Multifamily LENDER: Bellwether Enterprise Real Estate Capital LLC (@Bellwether_Enterprise) - Taylor Mokris & Ryan Stoll LOAN AMOUNT: $26,661,800 LOAN TYPE: Refinance NOTE: Bellwether Enterprise Real Estate Capital has announced that it has closed a $26.7 million loan to refinance the Village Green assisted living and memory care community in Levittown, NY. The loan was originated by Taylor Mokris and Ryan Stoll on behalf of a regional developer and owner of seniors and affordable housing, with the loan including a three-year term and a 30-year amortization, as well as 24 months of interest-only payments and a sub-300 loan spread.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,661,800.00

Monthly NOI$177,745.33
Monthly Debt Service$168,520.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00