Updated Dec 4, 2024
Creative Solutions In Health Care Secures $13 Million Loan For La Hacienda De Paz Rehabilitation Center
3333 Bob Rogers Drive
$13,000,000
Building Size
—
Asset Type
Nursing Home
Closing
Nov 11, 2024
About this deal
AI
The asset involved in this transaction is a 104-bed skilled nursing facility located at 3333 Bob Rogers Drive in Eagle Pass, Texas. The facility is part of the operational portfolio of Creative Solutions in Health Care, which serves the healthcare market in the region.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $13,000,000
- Loan Type: Bridge
- Loan Terms: 18-month, interest-only
- Landlord: Creative Solutions in Health Care
- Broker: Jay Healy - Berkadia
The deal was facilitated by Jay Healy of Berkadia, who represents Creative Solutions in Health Care. The bridge-to-HUD loan is intended to finance the purchase of La Hacienda de Paz Rehabilitation and Care Center, with plans for a HUD refinance in 2025 to secure long-term financing for the property.
Players
Eagle Pass Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93