StoneCreek Real Estate Partners Refinances North Richland Hills Senior Housing For $28.25M
FINANCED
$28,250,000
Texas
See Similar DealsOther222,679 SF
Financed 10/26/2021
FINANCED
StoneCreek Real Estate Partners Refinances North Richland Hills Senior Housing For $28.25M
8505 Mid Cities Boulevard, North Richland Hills, TX 76182
See Similar DealsOther222,679 SF
Financed 10/26/2021
Summary
TEXAS
Asset Type:Other
Price Per Square Foot:$126
Total Square Footage:222,679 SF
Transaction Type:Loan
An image of the property located at 8505 Mid Cities Blvd in North Richland Hills is shared on Instagram by Tyler Armstrong. The property is a senior housing asset with a total of 96 units.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Date: 10/26/2021
- Address: 8505 Mid Cities Blvd
- Market: North Richland Hills
- Units: 96
The loan for the property was secured from greystone''>Greystone. StoneCreek Real Estate Partners is the landlord of this property. The broker involved in this transaction is Tyler Armstrong from Greystone.
The loan amount for this transaction is $28,250,000. The loan type is a refinance. The loan terms include a non-recourse structure, an adjustable rate with a 10-year term, a 30-year amortization, and five years of interest-only payments.
Players
BROKERAGE
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,250,000.00
Monthly NOI$188,333.33
Monthly Debt Service$178,559.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions