National Veterinary REIT Secures $25M Bridge Loan For Package Deal Acquisition On Katie Ct, Cambridge
FINANCED
$25,000,000
Wisconsin
See Similar DealsPackage Deal
Financed 05/26/2022
FINANCED
National Veterinary REIT Secures $25M Bridge Loan For Package Deal Acquisition On Katie Ct, Cambridge
712 Katie Court
See Similar DealsPackage Deal
Financed 05/26/2022
Summary
WISCONSIN
Asset Type:Package Deal
Transaction Type:Loan
The property asset involved in this transaction is a package deal located at 712 Katie Ct, Cambridge. It was closed on 05/26/2022 and the market for this transaction was nationwide. The landlord for this property is National Veterinary REIT.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $25,000,000
- Loan Type: Bridge Loan
- Loan Terms: 18 Month Debt Revolver
The loan for this transaction was provided by 360 Capital Funding, with Jared Berkey and Andy Waldman spearheading the deal. The brokers involved in this transaction were Nicole Schmidt and Lynn Marcello from B6 Real Estate Advisors.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,000,000.00
Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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