Updated May 15, 2025
Dan Litman Of Marcus & Millichap Capital Corporation Secures $6M Loan For Dayton Children's Behavioral Health Center
5501 South Main Street
$6,000,000
Building Size
—
Asset Type
Medical Office
Closing
May 9, 2025
About this deal
AI
The property involved in this transaction is a medical office located at 5501 Far Hills Avenue in Dayton, OH. The facility serves pediatric needs, providing rehabilitation, imaging, and primary care services. The transaction was crucial for the operation of the newly opened Dayton Children’s Behavioral Health Center.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $6,000,000
- Loan Type: Refinance
- Loan Terms: non-recourse, 9-year term, 75% loan-to-value, 5.73% interest rate, 20-year amortization period
- Broker: Dan Litman - Marcus & Millichap Capital Corporation
This deal was arranged by Marcus & Millichap Capital Corporation, with Dan Litman representing a local developer. The refinancing supports the operations of the pediatric facility aimed at enhancing healthcare services in the community.
Players
Dayton Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93