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
$35,207,000
$308/SF
Building Size
114,250 SF
Asset Type
Office
Closing
Dec 14, 2021
About this deal
AI
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.
Players
Buffalo Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93