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
Mc Lean Other Market Snapshot
Boundary boundary · Other · Loan transactions
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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