FINANCEDDevelopment Site
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
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
Players
Kittery Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
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