Updated Jul 16, 2026
Regional Bank Provides $41.1 Million Construction Loan For Senior Housing In East Islip
117 East Main Street
$41,100,000
$467/SF
Building Size
88,000 SF
Asset Type
Senior Housing
Closing
Jul 14, 2026
About this deal
AI
The property involved in this transaction is a senior housing facility located at 117 East Main Street in East Islip. The asset encompasses 88,000 square feet on 4.27 acres of land. A construction loan amounting to $41,100,000 has been secured for this development.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $41,100,000
- Loan Type: Construction
- Lender: Regional Bank
- Landlord: National Development & Benchmark Senior Living
- Broker: James Dooley - JLL
JLL Capital Markets is responsible for arranging the construction financing for this project, which will provide 90 assisted living and memory care units. The development is a joint venture between National Development and Benchmark Senior Living, reflecting collaboration in providing senior care solutions.
Players
East Islip Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
Loading comparables…
Deal FAQ
Visit James (Jim) Dooley to view all their deals.
Browse East Islip senior housing loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93