Allure Group's Senior Care Facility In Gravesend, Brooklyn Secures $56.3M Loan From Dwight Capital
FINANCED
$56,328,500
New York
See Similar DealsOther120,618 SF
Financed 07/20/2020
FINANCED
Allure Group's Senior Care Facility In Gravesend, Brooklyn Secures $56.3M Loan From Dwight Capital
2266 Cropsey Avenue, Gravesend, Brooklyn, NY, USA
See Similar DealsOther120,618 SF
Financed 07/20/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$467
Total Square Footage:120,618 SF
Transaction Type:Loan
A senior care facility located at 2266 Cropsey Avenue in Gravesend, Brooklyn has recently been involved in a loan transaction. The property spans a total of 120,618 square feet and is owned by the Allure Group, represented by Joel Landau. The facility was last sold for $30,120,000 in December 2014.
Summary of transaction details
- Property Type: Senior Care Facility
- Transaction Amount: $56,328,500
- Lender: Dwight Capital
- Landlord: Allure Group - Joel Landau
The loan amount secured for the senior care facility was $56,328,500. Dwight Capital provided the financing for this transaction. Joel Landau, representing the Allure Group, acted as the landlord in the deal.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$56,328,500.00
Monthly NOI$375,523.33
Monthly Debt Service$356,034.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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