Updated Feb 16, 2024
Atlas Senior Living And Bellwether Enterprise Provide $42.7M Refinance Loan For Senior Housing
544 Harrison Bridge Road, Simpsonville, South Carolina 29680, United States
$42,700,000
Building Size
—
Asset Type
—
Closing
Oct 18, 2022
About this deal
AI
The senior housing assets located at 544 Harrison Bridge Road, 110 Hood Road, and 925 North Main Street in Simpsonville, Greenville, and Travelers Rest, SC, were recently involved in a refinancing loan transaction.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $42,700,000
The loan for this transaction was provided by Bellwether Enterprise Real Estate Capital, LLC, represented by Ryan Stoll, Taylor Mokris, and Kim Huffstutler. Atlas Senior Living also served as a lender in this deal.
With this refinancing, the senior housing assets in the mentioned locations have secured the necessary funding to support their operations and future development.
Players
Simpsonville CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93