Loan Type : Acquisition
Loan : $3,590,000
A $3,590,000 permanent loan for the acquisition and development of a 19,979 square foot DaVita Dialysis Center located in Bronx, New York. The non-recourse CMBS loan was underwritten at 75% loan-to-value and represents 94% of total project cost. It features a ten-year fixed rate of 4.12% with 30-year amortization with the first 12 months interest-only.