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Big Sky Medical And GFH Secure $200M Loan For Medical Office Portfolio In United States

Property Image
FINANCED
$200,000,000
John Nero
Jay Miele
+ 3

Texas

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714,000 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Big Sky Medical And GFH Secure $200M Loan For Medical Office Portfolio In United States

Texas, United States

See Similar Deals
714,000 SF
Financed
John Nero
Jay Miele
+ 3
Contact now

Summary

TEXAS
Price Per Square Foot:$280
Total Square Footage:714000 SF
Transaction Type:Loan

The Medical Office Portfolio, with a total area of 714,000 square feet, located in the United States, has been involved in a closed transaction. The property is a Medical Office asset.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $200,000,000
  • Address: Not mentioned
  • Market: United States

The deal was facilitated by the brokers John Nero, Ben Appel, Jay Miele, Michael Greeley, Alex Foshay, and Joseph Morris from Newmark. They represented both the Medical Office's landlord, Big Sky Medical, represented by Jason L. Signor, and GFH, represented by Nael Mustafa.

Players

Michael (Mike) Greeley
19 deals$833M volume
BROKER

Alex Foshay
Newmark
10 deals$2.2B volume
BROKER

Jay Miele
Newmark
9 deals$663.8M volume
BROKER

John Nero
Newmark
7 deals$555.8M volume
BROKER

Ben Appel
Newmark
10 deals$773.4M volume
BROKER

Joseph (Joe) Morris
Newmark
2 deals$450M volume
BROKER

Details

FINANCED
IMAGE: Ben Appel, John Nero, Jay Miele, Alex Foshay, Michael Greeley & Joseph Morris DATE: 07/28/2022 ADDRESS: Medical Office Portfolio MARKET: United States ASSET TYPE: Medical Office ~ SF: 714,000 LANDLORD: Big Sky Medical - Jason L. Signor & GFH - Nael Mustafa BROKERS: John Nero, Ben Appel, Jay Miele, Michael Greeley, Alex Foshay & Joseph Morris - Newmark LOAN AMOUNT: $200,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$200,000,000.00

Monthly NOI$1,333,333.33
Monthly Debt Service$1,264,136.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00