Capital Funding Group Provides $20M Bridge Loan For Assisted Living Facility In West Palm Beach, FL
5100 Cresthaven Blvd, West Palm Beach, FL
$20,000,000
$169/SF
Building Size
118,169 SF
Asset Type
Other
Closing
Mar 1, 2022
About this deal
AI
An assisted living facility located at 5100 Cresthaven Blvd. in West Palm Beach, FL recently closed in a transaction. The property spans a total of 118,169 square feet and has been acquired by YMP Realty.
Summary of transaction details:
- Property Type: Assisted Living Facility
- Transaction Amount: $20,000,000
- Loan Type: Bridge Loan
- Lender: Capital Funding Group
- Broker: Steven Vegh - Westwood Realty Associates
The loan for this transaction was provided by Capital Funding Group. Steven Vegh, representing Westwood Realty Associates, served as the broker in this deal.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Visit Steven Vegh to view all their deals.
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93