CIT Provides $51M Loan To Seavest Healthcare For Refinancing Medical Office
7305 Southeast Circuit Drive, Hillsboro, Oregon 97078, United States
$50,800,000
$430/SF
Building Size
118,000 SF
Asset Type
—
Closing
Sep 13, 2022
AI
A medical office property located at 7305 Circuit Dr in Hillsboro, OR, with a total square footage of 118,000, has recently undergone a refinancing transaction. The loan was provided by CIT and facilitated by William Douglass. The loan amount for the refinancing was $51,000,000. The landlord of the property is Seavest Healthcare Properties, LLC.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $51,000,000
- Address: 7305 Circuit Dr, Hillsboro, OR
- Lender: CIT - William Douglass
- Landlord: Seavest Healthcare Properties, LLC
The refinancing deal for the medical office was successfully executed, providing the necessary funds for the property. This transaction highlights the involvement of key individuals and companies, including CIT as the lender and William Douglass as the facilitating representative. Seavest Healthcare Properties, LLC acts as the landlord for the medical office property.
Players
Hillsboro CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93