Deal Status

Active

Property Address

520 Ruah Street, Blossburg Pennsylvania 16912

Requested Loan Amount

$2,287,557

Loan to Value

57%

Loan Term

240 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Other

Collateral and Loan Details

Commercial Property Type

Healthcare

Healthcare Property Types

Rehabilitation Facility

Number of Units

100

Current Occupancy

Vacant

Loan Type

Acquisition and Value-Add

Square Footage

51,758

Renovation Cost Estimate

$400,000

Renovation Budget

No

Future Value

$4,000,000

Future Loan to Value

57%

Contractor

No

Team Ready

No

APN Parcel ID

02-09.00-047

Lot Size

8.77 acres

Will additional properties be collateralized?

No

Borrower Entity

Trust

Borrower Credit Rating

Good

Exit Strategy Details

Buy, Rehab, Lease and Hold

Attachments

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

Phone Number

(561) 220-2209

Company

Holden Research, Inc.

Role

Borrower

Location

Royal Palm Beach, Florida

Use the form below to contact the Dealmaker