Updated Dec 4, 2024
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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Deal FAQ
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