Updated Oct 28, 2024
Aspens At Holly Springs, LLC Secures $30.1M Loan For Senior Housing Acquisition & Construction In Apex, NC
8733 Holly Springs Rd, Apex, North Carolina 27539, United States
$30,100,000
Units
159
Asset Type
—
Closing
Dec 15, 2021
About this deal
AI
The senior housing property located at 8733 Holly Springs Rd in Apex, NC has recently undergone a closed transaction. The property sits on a spacious 7.82-acre lot and comprises a total of 159 units. The transaction involved the acquisition and construction of the property.
Summary of Transaction Details
- Property Type: Senior Housing
- Transaction Amount: $30,100,000
- Address: 8733 Holly Springs Rd, Apex, NC
- Market: Apex, NC
- Acres: 7.82
- Units: 159
The Aspens at Holly Springs, LLC, represented by Barry Metcalf, acted as the landlord in the transaction. The brokerage firm Greystone, represented by Cary Tremper, played a crucial role as the broker.
Players
Apex CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93