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BOK Financial Provides $4.6M Bridge Loan For Assisted Living And Memory Care Facility In Portland, OR

Property Image
FINANCED
$4,600,000

Oregon

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Financed 12/29/2021
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Property Image
FINANCED

BOK Financial Provides $4.6M Bridge Loan For Assisted Living And Memory Care Facility In Portland, OR

819 Northeast 122nd Avenue, Portland, Oregon 97230, United States

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Other
Financed 12/29/2021
the dealplayerscompscontact
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Summary

OREGON
Asset Type:Other
Transaction Type:Loan

An assisted living and memory care facility located at 819 NE 122nd Ave in Portland, OR has been involved in a recent transaction. The property was acquired by Sapphire Health Services with the assistance of a $4,600,000 bridge loan provided by BOK Financial.

Summary of transaction details:

  • Property Type: Assisted Living and Memory Care facility
  • Transaction Amount: $4,600,000
  • Date: 12/29/2021
  • Address: 819 NE 122nd Ave, Portland, OR
  • Market: Portland, OR
  • Lender: BOK Financial
  • Landlord: Sapphire Health Services
  • Broker: Eli Osdoba - Harborview Capital Partners
  • Loan Type: Acquisition
  • Loan Terms: Bridge Loan

Eli Osdoba, representing Harborview Capital Partners, played a key role as the broker in the transaction. The bridge loan from BOK Financial enabled Sapphire Health Services to acquire the assisted living and memory care facility at 819 NE 122nd Ave in Portland, OR.

Players

Eli Osdoba
Harborview Capital Partners
Eli Osdoba
12 deals$257.4M volume
BROKER
BOK Financial
BOK Financial
LENDER
SS
Sapphire Health Services
LANDLORD

Details

FINANCED
IMAGE: Eli Osdoba DATE: 12/29/2021 ADDRESS: 819 NE 122nd Ave MARKET: Portland, OR ASSET TYPE: Assisted Living and Memory Care facility LENDER: BOK Financial LANDLORD: Sapphire Health Services BROKER: Eli Osdoba (@Eli_The_Lender) - Harborview Capital Partners LOAN AMOUNT: $4,600,000 LOAN TYPE: Acquisition LOAN TERMS: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,600,000.00

Monthly NOI$30,666.67
Monthly Debt Service$29,075.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00