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Joel Leifer Of Excelsior Healthcare Group Refinances Throgs Neck Rehabilitation & Nursing Center For $217M

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FINANCED
$217,000,000

New York

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Special Purpose83,146 SF
Financed 06/26/2025
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Property Image
FINANCED

Joel Leifer Of Excelsior Healthcare Group Refinances Throgs Neck Rehabilitation & Nursing Center For $217M

707 Throgs Neck Expressway

See Similar Deals
Special Purpose83,146 SF
Financed 06/26/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Special Purpose
Price Per Square Foot:$2,609
Total Square Footage:83,146 SF
Transaction Type:Loan

The Throgs Neck Rehabilitation & Nursing Center, situated at 707 Throgs Neck Expressway in the Throgs Neck neighborhood of the Bronx, is classified as a special purpose asset with a total square footage of 83,146. A refinance loan of up to $217,000,000 has been secured for this property.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $217,000,000
  • Lender: Alan Litt - Monticelloam
  • Landlord: Joel Leifer - Excelsior Healthcare Group
  • Loan Type: Refinance
  • Prior Debt Replaced: $70,000,000

Joel Leifer of Excelsior Healthcare Group executed the refinancing of the Throgs Neck Rehabilitation & Nursing Center, facilitating the transition from the previous debt arrangement to a new loan from Monticelloam.

Players

Monticelloam
Monticelloam
LENDER
Monticelloam
Monticelloam
LENDER
JL
Excelsior Healthcare Group
Joel Leifer
3 deals$332.5M volume
LANDLORD
Excelsior Healthcare Group
Excelsior Healthcare Group
LANDLORD

Details

FINANCED
IMAGE: Alan Litt DATE: 06/26/2025 ADDRESS: 707 Throgs Neck Expressway MARKET: Throgs Neck, Bronx ASSET TYPE: Special Purpose ~ SF: 83,146 LENDER: Alan Litt - Monticelloam LANDLORD: Joel Leifer - Excelsior Healthcare Group LOAN AMOUNT: $217,000,000 LOAN TYPE: Refinance NOTE: Joel Leifer of Excelsior Care Group refinanced the Throgs Neck Rehabilitation & Nursing Center in the Bronx with a loan of up to $217M from Monticelloam, replacing $70M in prior debt.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$217,000,000.00

Monthly NOI$1,446,666.67
Monthly Debt Service$1,371,587.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00