Greystone Refinances Senior Housing In Columbia, SC For $27.1M
2205 Gregg Street, Columbia, South Carolina 29201, United States
$27,100,000
Building Size
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Asset Type
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Closing
Dec 29, 2022
AI
Located at 2205 Gregg St in Columbia, SC, this senior housing property recently underwent a refinancing transaction. The loan for the property amounted to $27,100,000 and was provided by Greystone, with Tyler Armstrong acting as the lender's representative.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $27,100,000
- Market: Columbia, SC
- Landlord: AEW Capital Management & Merrill Gardens
- Lender: Greystone - Tyler Armstrong
- Loan Type: Refinance
AEW Capital Management and Merrill Gardens are the landlords of this senior housing property. As AEW Capital Management is an established real estate investment management firm, and Merrill Gardens is a trusted provider of senior living communities, their involvement in this transaction adds credibility to the deal.
Players
Columbia CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93