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7929 Westpark Drive, Tysons...

Walker & Dunlop Arranges $300M Construction Loan For Tysons Senior Housing
FINANCEDOther

Walker & Dunlop Arranges $300M Construction Loan For Tysons Senior Housing

7929 Westpark Drive, Tysons, VA, USA

$300,000,000

$1,564/SF

Building Size

191,708 SF

Asset Type

Other

Closing

Oct 20, 2021

AI

The senior housing property located at 7929 Westpark Drive in Tysons, VA has recently secured a construction loan. The loan, amounting to $300,000,000, will be utilized for the development of this senior housing asset.

Summary of transation details

  • Property Type: Senior Housing
  • Transaction Amount: $300,000,000
  • Loan Type: Construction

This financing deal was facilitated by Jonathan Schwartz, Aaron Appel, Ari Hirt, Sean Bastian, and Taylor Geiger from Walker & Dunlop, Inc. They acted as brokers in the transaction, representing the parties involved in securing the loan for the senior housing project at 7929 Westpark Drive in Tysons, VA.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker

Mc Lean Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93