Updated Oct 7, 2026
FINANCEDSenior Housing
Grove City Senior Living, LLC Secures $28.3 Million Refinance Loan From Fannie Mae
3615 Glacial Lane
$28,300,000
Units
124
Asset Type
Senior Housing
Closing
Oct 6, 2026
About this deal
AI
The asset involved is a 124-unit senior housing community located at 3615 Glacial Lane in Grove City, Ohio, covering an area of 9.672 acres. It was refinanced with a loan amount of $28,300,000. The property is part of the Grove City market.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $28,300,000
- Asset Address: 3615 Glacial Lane
- Market: Grove City, OH
- Lender: Fannie Mae
- Landlord: Grove City Senior Living, LLC
- Broker: Taylor Hawkins - BWE
- Loan Type: Refinance
- Loan Terms: 10-year
- Units: 124
- Acres: 9.672
BWE secured the permanent loan from Fannie Mae specifically to refinance existing construction debt and return equity to investors, with the borrower planning to hold the property long-term. The terms of the loan include three years of interest-only payments followed by a 30-year amortization period.
On the Map
$28,300,000
Senior Housing
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Players
Grove City Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93