The B-piece loan is secured by the borrowers’ ownership interest in the real estate and carries a three-year maturity with two, 1-year extensions and an annual interest rate of 9.00%. The loan was funded with cash on hand.
“This loan begins a new relationship with this new Southeast operator,” said
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CareTrust REIT, Inc.
Symbol: CTRE
CIK: 1590717
Exchange: NASDAQ
Founded: 2013 (11 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Health Care
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
Latest Price: $24.88
High: $24.97
Low: $24.81
Open: $24.85
Previous Close: $24.83
Volume: 468,994
52-Week High: $26.43
52-Week Low: $17.25
Last updated: 2024-05-16 - v1.3