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
$4,600,000
Building Size
—
Asset Type
Other
Closing
Dec 28, 2021
About this deal
AI
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.
On the Map
$4,600,000
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93