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
About this deal
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.
On the Map
$300,000,000
$1,564/SF
Other
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Players
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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