FINANCEDSenior Housing
MCAP Funds Secures $47M Loan For 227-Unit Senior Housing Project In Philadelphia
6250 Walnut Street
$47,000,000
Building Size
—
Asset Type
Senior Housing
Closing
Jun 24, 2026
AI
The property asset involved in the context is a senior housing project located at 6250 Walnut Street, Philadelphia, PA. The project comprises 227 units and is classified as affordable senior housing. The loan arranged for this rehabilitation project amounts to $47 million.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $47,000,000
- Address: 6250 Walnut Street
- Market: Philadelphia, PA
- Units: 227
- Landlord: MCAP Funds
- Loan Amount: $47,000,000
- Brokers: Justin Sigmon & James Grande - Berkadia
Justin Sigmon and James Grande from Berkadia structured the financing for this project. The development will be undertaken by MCAP Funds, with McDonald Building Company appointed as the general contractor and Community Realty Management, Inc. serving as the property manager. Berkadia arranged $47 million in LIHTC equity specifically for Walnut Park Plaza.
Players
Walnut Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93