Coffee Medical Group Refinances Unity Medical Center With $21.25M Loan
481 Interstate Drive
$21,250,000
Building Size
—
Asset Type
Hospital
Closing
Nov 16, 2023
About this deal
AI
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
Manchester Hospital Market Snapshot
Boundary boundary · Hospital · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93