Rockland Trust Provides $46M Loan For Mixed-Use Property In Portland, ME
FINANCED
$46,000,000
Maine
See Similar DealsMixed-use
Financed 05/06/2022
FINANCED
Rockland Trust Provides $46M Loan For Mixed-Use Property In Portland, ME
387 Commercial St, Portland, Maine 04101, United States
See Similar DealsMixed-use
Financed 05/06/2022
Summary
MAINE
Asset Type:Mixed-use
Transaction Type:Loan
A mixed-use property located at 387 Commercial St in Portland, ME was recently involved in a loan transaction.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $46,000,000
- Lender: Rockland Trust - Christopher Oddleifson
- Landlord: Reger Dasco Properties
The loan amount for this transaction was $46,000,000. The lender in this deal was Rockland Trust, represented by Christopher Oddleifson. The landlord in this transaction was Reger Dasco Properties.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,000,000.00
Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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