Crugnale Properties & Arista Development Secures $33.5M Loan For Residential Development On One Wall Street In Attleboro
1 Wall St, Attleboro, Ma 02703, Usa
$33,500,000
$12,884/SF
Building Size
2,600 SF
Asset Type
Development Site
Closing
Jun 25, 2020
AI
A residential development property located at One Wall Street in Attleboro has been involved in a recent closed transaction. The property, owned by Crugnale Properties and Arista Development, attracted a loan amount of $33,500,000. This loan was secured for the development of the property, which consists of 136 residential units.
Summary of transaction details
- Property Type: Residential Development
- Transaction Amount: $33,500,000
- Address: One Wall Street
- Market: Attleboro
- Units: 136
The loan for this residential development property was facilitated by Casimir Groblewski and Lindsay Feig of Fantini & Gorga. They served as brokers in the transaction, representing the interests of Crugnale Properties and Arista Development. The involvement of these key individuals highlights the importance of their expertise in securing financing for this project.
Players
Attleboro Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93