Excelsior Orthopaedics Secures $35.2M Refinance Loan For Medical Offices In Orchard Park & Amherst With Northwest Savings Bank
FINANCED
$35,207,000
New York
See Similar DealsOffice114,250 SF
Financed 12/15/2021
FINANCED
Excelsior Orthopaedics Secures $35.2M Refinance Loan For Medical Offices In Orchard Park & Amherst With Northwest Savings Bank
3915 Sheridan Drive, Amherst, New York 14226, United States
See Similar DealsOffice114,250 SF
Financed 12/15/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$308
Total Square Footage:114,250 SF
Transaction Type:Loan
The medical office property located at 3915-3925 Sheridan Dr. & 260 Redtail Rd. in Orchard Park & Amherst was involved in a loan transaction.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $35,207,000
- Loan Type: Refinance
- Loan Terms: 7-year, fixed-rate
The loan amount for this transaction was $35,207,000. The loan was provided by Northwest Savings Bank. The landlord of the property is Excelsior Orthopaedics LLP. The brokers involved in the deal were Anthony Sardo, Daniel Turley, and Brannan Knott from JLL.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,207,000.00
Monthly NOI$234,713.33
Monthly Debt Service$222,532.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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