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Capital One Healthcare Provides $190M Acquisition Loan For Big Sky Medical Real Estate In Dallas, College Station, Houston, And Richardson

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FINANCED
$190,000,000

Texas

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857 SF
Financed 01/12/2023
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Property Image
FINANCED

Capital One Healthcare Provides $190M Acquisition Loan For Big Sky Medical Real Estate In Dallas, College Station, Houston, And Richardson

9201 North Central Expressway, Dallas, Texas 75225, United States

See Similar Deals
857 SF
Financed 01/12/2023
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Summary

TEXAS
Price Per Square Foot:$221,703
Total Square Footage:857 SF
Transaction Type:Loan

The recently closed property transaction involves a medical office asset spanning across 857,779 square feet. The property is located at 9201 N Central Expy, 9101 N Central Expy, 2501 Earl Rudder Fwy S, 7515 S. Main St, 212 Adriance Lab Rd, and 610 N Coit Rd in Dallas, College Station, Houston, and Richardson markets, respectively.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Amount: $190,000,000
  • Lender: Capital One Healthcare
  • Landlord: Big Sky Medical Real Estate - Jason L. Signor
  • Broker: JLL
  • Loan Type: Acquisition Loan
  • Loan Terms: five-year, floating-rate loan

The lender for this transaction is Capital One Healthcare, while Big Sky Medical Real Estate, represented by Jason L. Signor, serves as the landlord. JLL acts as the broker in this deal. The loan obtained for this acquisition amounts to $190,000,000, with a five-year, floating-rate loan term.

Details

FINANCED
IMAGE: Jason L. Signor DATE: 01/12/2023 ADDRESS: 9201 N Central Expy, 9101 N Central Expy, 2501 Earl Rudder Fwy S, 7515 S. Main St, 212 Adriance Lab Rd & 610 N Coit Rd MARKET: Dallas, College Station, Houston & Richardson ASSET TYPE: Medical Office ~ SF: 857,779 LENDER: Capital One Healthcare LANDLORD: Big Sky Medical Real Estate - Jason L. Signor BROKER: JLL LOAN AMOUNT: $190,000,000 LOAN TYPE: Acquisition Loan LOAN TERMS: five-year, floating-rate loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$190,000,000.00

Monthly NOI$1,266,666.67
Monthly Debt Service$1,200,929.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00