Updated Oct 28, 2024
MassHousing Refinances Senior Housing Property In Roslindale, MA For $13.2M
120 Poplar St # Off, Roslindale, Massachusetts 02131, United States
$13,200,000
Building Size
—
Asset Type
—
Closing
Jan 23, 2022
About this deal
AI
masshousing''>MassHousing has provided a $13.2 million refinancing loan for a senior housing property located at 120 Poplar St # Off in Roslindale, MA. The loan was secured by Chrystal Kornegay, representing MassHousing. The property is owned by Rogerson Communities, with Walter Ramos representing the landlord.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $13,200,000
- Lender: MassHousing - Chrystal Kornegay
- Landlord: Rogerson Communities - Walter Ramos
- Loan Type: Refinance
Chrystal Kornegay, as the representative of MassHousing, played a key role in securing the loan for the senior housing property. Meanwhile, Walter Ramos represented Rogerson Communities as the landlord. This refinancing deal provides a significant financial opportunity for the property and ensures its continued operation.
Players
Roslindale CRE Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93