Deal Status

Active

Property Address

520 Ruah Street

Blossburg, Pennsylvania

16912

Requested Loan Amount

2287557

Loan to Value

57

Loan Term

240

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Other

Commercial Property Type

Healthcare

Healthcare Property Types

Rehabilitation Facility

Number of Units

100

Current Occupancy

Vacant

Loan Type

Acquisition and Value-Add

Square Footage

51758

Renovation Cost Estimate

400000

Renovation Budget

No

Future Value

4000000

Future Loan to Value

57

Contractor

No

Team Ready

No

APN Parcel ID

02-09.00-047

Lot Size

8.77

Will additional properties be collateralized?

No

Borrower Entity

Trust

Borrower Credit Rating

Good

Exit Strategy Details

Buy, Rehab, Lease and Hold

Additional Attachments

1

Comments

Have old appraisal. The subject contains 3 main buildings connected by walkways with an attached gymnasium which make up the main 51,758 square foot facility, along with a maintenance garage (1,750 SF), an unused power plant building (2,150 SF), an electrical building (760 SF), and a former pump house building (81 SF). Total Square footage above grade of the main building complex of 51,758 square feet is comprised of 12,021 square feet in Building A, 31,136 square feet in Building B, 3,901 square feet in Building C, and 4,700 square feet in the gymnasium/weight room area. Total square footage above grade of all buildings on the site is 56,499 square feet, with a land to building ratio of 6.76.

First Name

Roger

Last Name

Holden

Company

Holden Research, Inc.

Role

Borrower

Location

Royal Palm Beach
Florida
USA