Updated Oct 28, 2024
BOK Financial Lends $50M For Acquisition/Refinancing Of 6 Skilled Nursing & Assisted Living Facilities In WA & OR
1308 North Vercler Road, Spokane, Washington 99216, United States
$50,000,000
Building Size
—
Asset Type
Other
Closing
Jul 31, 2022
About this deal
AI
Sapphire Health Services has acquired six skilled nursing and assisted living facilities in Washington and Oregon. The properties are located at 1308 N. Vercler Road, WA; 812 SW 48th Avenue, Portland; 819 Northeast 122nd Avenue, Gresham; 405 NE 5th Street and 1241 NE 6th Street, Sweet Home; and 950 Nandina Street. These facilities have a combined total of 316 beds.
Summary of transation details
- Property Type: Skilled Nursing & Assisted Living Facilities
- Transaction Amount: $50,000,000
- Market: Spokane, WA, Portland, Gresham, and Sweet Home, OR
BOK Financial provided a $50,000,000 loan as a master credit facility for the acquisition and refinancing of these properties. Eli Osdoba of Harborview Capital Partners, a leading commercial real estate debt, equity, and advisory firm, served as the broker rep in this transaction. If you are in need of competitive debt or equity options in the healthcare or multifamily market, you can contact Eli Osdoba at [email protected].
On the Map
$50,000,000
Other
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Players
Spokane Valley Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93