PARIS MEDICAL OFFICE BUILDING ONE (MOB1), PARIS TEXAS
PLMOB1
Key Loan Terms:
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Loan Amount: $23,419,141
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As Complete Value: $29,037,037 Value on a 6.75% CAP Rate.
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Fixed Interest Rate: 3.99%, Interest Only, 10 year term
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Origination points due lender: $549,822
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Interest reserves due lender: $449,264
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Total due lender at closing: $999,086
As Complete Value: $29,037,037 Value on a 6.75% CAP Rate.
SUMMARY
This is a $23,419,141 loan for Paris Lakes Medical Assets Holdings, LLC, a Delaware limited liability company to construct three medical office
buildings. This particular loan is for the first medical office building known as (MOB1). This MOB1 is located on the Paris, TX hospital campus,
which ALPC is financing as reflected on the previous slide.
The site where the medical campus will be built consists of approximately 40 acres located in south-eastern Paris, Texas in Lamar County.
Anchoring the medical campus will be a general acute care hospital, along with four medical office buildings three of which ALPC is financing
separately, the forth MOB has already been completed and is open as a Free Standing Emergency Room.
Two additional physician office buildings will be completed after the hospital is open. In addition to the hospital, the ASC, the imaging center,
the FSER, and the medical ofice buildings, the medical campus will also include a hotel and approximately 100,000 SF of retail space.
PROJECT WEBSITE https://www.parislakes.com
LOCATION: PARIS TEXAS ABOUT 1.5 HOURS DRIVE NE OF DALLAS FT. WORTH
LOAN UNDERWRITING FILE & DOCUMENTS
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