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Texas, United States

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

Texas, United States

$200,000,000

$280/SF

Building Size

714,000 SF

Asset Type

Closing

Jul 28, 2022

AI

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 Greeley

Newmark

Broker

$833M

vol

19 deals

Broker

Blanket CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93