Updated Oct 29, 2024
Jones Street Investment Partners - Matt Ranalli Secures $77.9M Construction Financing For Development Site In Kittery
76 Dennett Road
$77,900,000
Building Size
—
Asset Type
Development Site
Closing
Nov 8, 2022
About this deal
AI
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $77,900,000
- Address: 76 Dennett Rd, Kittery, ME
- Lender: KeyBank & Fidelity
- Landlord: Jones Street Investment Partners - Matt Ranalli
- Broker: Colliers
- Loan Type: Construction financing
The development site loan at 76 Dennett Road in Kittery, Maine financed for $77.9M in 2022. 76 Dennett Road is classified as Development Site on Traded. This page is the Kittery, Maine file for the 76 Dennett Road development site financed: pricing, party profiles, and other closed development site comps from the same Kittery sit in the Market section below. Filter that Kittery development site set by closing date to see what else financed near 76 Dennett Road around 2022. Published consideration for 76 Dennett Road is $77.9M, dated 2022. Cite this Jones Street Investment Partners - Matt Ranalli Secures $77.9M Construction Financing For Development Site In Kittery loan when underwriting similar development site product around Kittery, Maine.
Players
Kittery Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93