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712 Katie Court

National Veterinary REIT Secures $25M Bridge Loan For Package Deal Acquisition On Katie Ct, Cambridge
FINANCEDPackage Deal

National Veterinary REIT Secures $25M Bridge Loan For Package Deal Acquisition On Katie Ct, Cambridge

712 Katie Court

$25,000,000

Building Size

Asset Type

Package Deal

Closing

May 26, 2022

AI

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

Nicole Schmidt

B6 Real Estate Advisors

Broker

$45.3M

vol

5 deals

Broker
360 Capital Funding
360 Capital FundingLender

Cambridge Package Deal Market Snapshot

Boundary boundary · Package Deal · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93