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300 Westminster Canterbury ...

Updated Dec 4, 2024

Ziegler Facilitates $52.5M Bond Financing For Shenandoah Valley Westminster-Canterbury Multifamily
FINANCEDMultiFamily

Ziegler Facilitates $52.5M Bond Financing For Shenandoah Valley Westminster-Canterbury Multifamily

300 Westminster Canterbury Drive

$52,500,000

Building Size

Asset Type

MultiFamily

Closing

Nov 6, 2023

About this deal

AI

Ziegler, a broker in the real estate market, has facilitated $52.5 million in bond financing for Shenandoah Valley Westminster-Canterbury (SVWC), a senior housing development in Winchester, Virginia. Located approximately 70 miles west of the Washington, D.C. metro area, the multifamily property at 300 Westminster Canterbury Drive is the subject of this transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $52,500,000
  • Address: 300 Westminster Canterbury Drive, Winchester, VA
  • Market: Winchester, VA

The loan, facilitated by Ziegler, aims to support the development of the senior housing project. The financing will contribute to the construction and operation of the multifamily property in Winchester, Virginia. With SVWC as the borrower, this transaction marks a significant milestone in the senior housing market in the area.

Players

Winchester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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