Operations for the 150-unit senior multifamily property support an initial 4.6% distribution and debt service on $21,200,000 at a 1.15 DSCR, supported by $1,460,225 in reserve escrows.
Ongoing fee rates
Asset Mgmt Fee (annual)
$41,000
Strengths
- Dedicated $775,000 improvement reserve supports operational stability
- Asset scale of 150 units provides diversified tenant revenue stream
Concerns
- Tight initial debt service margin leaves little room for operating cost spikes
- Submarket operating data not disclosed in extracted fields