The W Group Acquires Assisted Living Property In Port Jefferson For $30M
FINANCED
$30,000,000
New York
See Similar DealsOther39,309 SF
Financed 05/02/2022
FINANCED
The W Group Acquires Assisted Living Property In Port Jefferson For $30M
1350 NY-112, Port Jefferson Station, NY 11776, United States
See Similar DealsOther39,309 SF
Financed 05/02/2022
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$763
Total Square Footage:39,309 SF
Transaction Type:Loan
The assisted living property located at 1350 Route 112 in Port Jefferson has been involved in a recent loan transaction. The property spans across 3 acres and has a building size of 39,309 square feet. Berry Weiss & Isaac Lifshitz shared an image on Instagram, showcasing the property.
Summary of transaction details
- Property Type: Assisted Living
- Transaction Amount: $30,000,000
- Loan Type: Refinance
- Loan Terms: 3 Acres, Building 39,309 SF
The loan for this transaction was secured by the property, and the loan amount was $30,000,000. The W Group, represented by Ari Weiss & Berry Weiss, is the landlord of the property. Isaac Lifshitz from the Meridian Capital Group acted as the broker in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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