Updated Oct 28, 2024
FINANCEDMultiFamily
First National Bank Provides $35.6M Loan For Medical Facility In Bellefonte, PA
250 Persia Rd, Bellefonte, PA, USA
$35,600,000
Building Size
—
Asset Type
MultiFamily
Closing
May 24, 2020
About this deal
AI
A medical facility located at 250 Persia Rd in Bellefonte, PA recently underwent a closed loan transaction.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Date: 05/24/2021
- Market: Bellefonte, PA
- Lender: First National Bank
- Landlord: Complete Healthcare Resources Eastern
- Broker: Miles Kingston - Lument
- Loan Amount: $35,600,000
- Number of Beds: 240
The loan was facilitated by First National Bank, and the landlord for the medical facility is Complete Healthcare Resources Eastern. Miles Kingston from Lument represented the deal as the broker.
Players
Bellefonte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93