Updated Oct 28, 2024
Lument Refinances Senior Housing In East Providence For $45.9M
500 Waterfront Drive, East Providence, Rhode Island 02914, United States
$45,900,000
Building Size
—
Asset Type
—
Closing
Jan 17, 2022
About this deal
AI
The senior housing located at 500 Waterfront Drive in East Providence, RI has undergone a refinance deal. The transaction involved a loan amount of $45,900,000 provided by lument''>Lument. The loan was facilitated by Aaron Becker of Lument.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $45,900,000
- Address: 500 Waterfront Drive, East Providence, RI
- Market: East Providence, RI
Aaron Becker, representing Lument, played a crucial role in the loan transaction for the senior housing property at 500 Waterfront Drive.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93