BOK Financial Provides $9.2M Bridge Loan For Skilled Nursing Facility In Gresham, OR
405 Northeast 5th Street, Gresham, Oregon 97030, United States
$9,200,000
Building Size
—
Asset Type
Other
Closing
Jan 26, 2022
AI
A skilled nursing facility located at 405 NE 5th St in Gresham, OR was recently involved in an acquisition loan transaction. The loan, provided by BOK Financial, amounted to $9,200,000 and was classified as a bridge loan. The borrower, Sapphire Health Services, secured this loan to facilitate the acquisition of the skilled nursing facility.
Summary of transaction details:
- Property Type: Skilled Nursing Facility
- Loan Amount: $9,200,000
- Loan Type: Acquisition
- Loan Terms: Bridge Loan
Eli Osdoba from Harborview Capital Partners represented the borrower, Sapphire Health Services, as the broker for this transaction.
Players
Gresham Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93