StoneCreek Real Estate Partners Refinances North Richland Hills Senior Housing For $28.25M

8505 Mid Cities Boulevard, North Richland Hills, TX 76182

$28,250,000

$126/SF

Building Size

222,679 SF

Asset Type

Other

Closing

Oct 26, 2021

AI

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.

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