Deal Status

Active

Property Address

Address Not Disclosed

City Not Disclosed, Ohio

Requested Loan Amount

5240000

Loan to Value

80

Loan Term

36

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Healthcare

Healthcare Property Types

Assisted Living Facility

Number of Units

65

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

84

Loan Type

Acquisition

Has property been located?

Yes, and it’s under contract

Purchase Price

6550000

Purchase Contribution

1310001

Purchase Contribution Source

Own Cash

Purchase Plan

Continue Rental (property is tenant-occupied)

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Not Applicable

Additional Attachments

5

Comments

Subject is a skilled nursing facility located in Southern Ohio. Looking for "Bridge to HUD" financing. See the attached dashboard for more details. Seeking up to 80% LTV on a non-recourse basis, but negotiable depending upon the other terms and conditions offered by the lender.

First Name

Judy

Last Name

Rinkus

Company

The Vortex Group

Role

Consultant

Location

Troy
Michigan
USA