Updated Mar 11, 2025
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
About this deal
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.
On the Map
$25,000,000
Package Deal
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Players
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