Rockland Trust Provides $46M Loan For Mixed-Use Property In Portland, ME
387 Commercial St, Portland, Maine 04101, United States
$46,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 5, 2022
About this deal
AI
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.
The mixed use loan at 387 Commercial St, Portland, Maine 04101, United States in Portland, Maine financed for $46M in 2022. 387 Commercial St, Portland, Maine 04101, United States is classified as Mixed Use on Traded. This page is the Portland, Maine file for the 387 Commercial St, Portland, Maine 04101, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Portland sit in the Market section below. Filter that Portland mixed use set by closing date to see what else financed near 387 Commercial St, Portland, Maine 04101, United States around 2022. Published consideration for 387 Commercial St, Portland, Maine 04101, United States is $46M, dated 2022. Cite this Rockland Trust Provides $46M Loan For Mixed-Use Property In Portland, ME loan when underwriting similar mixed use product around Portland, Maine.
Players
Portland Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93