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Coffee Medical Group Refinances Unity Medical Center With $21.25M Loan
FINANCED
$21,250,000
Tennessee
See Similar DealsHospital
Financed 11/16/2023
FINANCED
Coffee Medical Group Refinances Unity Medical Center With $21.25M Loan
481 Interstate Drive
See Similar DealsHospital
Financed 11/16/2023
Summary
TENNESSEE
Asset Type:Hospital
Transaction Type:Loan
Coffee Medical Group has secured a $21.25 million refinance for Unity Medical Center, the sole hospital serving the rural area of Manchester, Tennessee. Located at 481 Interstate Drive in Manchester, the hospital is a vital healthcare facility in the market. The loan amount of $21.25 million will support the continued operations and development of Unity Medical Center.
Summary of transation details
- Property Type: Hospital
- Transaction Amount: $21,250,000
- Lender: X-Caliber Rural Capital - Jordan Blanchard
- Landlord: Coffee Medical Group
X-Caliber Rural Capital, led by Jordan Blanchard, acted as the lender for this refinance transaction. Coffee Medical Group, as the landlord, successfully secured the $21.25 million loan to support Unity Medical Center. This refinance will enable the hospital to continue providing essential healthcare services to the rural community of Manchester, Tennessee.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,250,000.00
Monthly NOI$141,666.67
Monthly Debt Service$134,314.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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