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120 Poplar St # Off, Roslin...

Updated Oct 28, 2024

MassHousing Refinances Senior Housing Property In Roslindale, MA For $13.2M
FINANCED

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

MassHousing
MassHousingLender

Roslindale CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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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

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