Updated Oct 28, 2024
TD Bank Provides $22M Construction Financing For Senior Housing Project On Everett St, Hyde Park. Lender: Benjamin Kruger. Landlord: The Pryde
15 Everett Street, Hyde Park, Massachusetts 02136, United States
$22,000,000
Building Size
—
Asset Type
—
Closing
Jul 24, 2022
About this deal
AI
The senior housing property located at 15 Everett St in Hyde Park, MA has undergone a closed transaction. The deal involved a loan provided by TD Bank, with Benjamin Kruger as the lender's representative. The loan amount for the transaction was $22,000,000 and it was utilized for construction financing.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $22,000,000
- Address: 15 Everett St, Hyde Park, MA
- Market: Hyde Park, MA
- Lender: TD Bank - Benjamin Kruger
- Landlord: The Pryde
The key individuals and companies involved in this transaction were Benjamin Kruger representing TD Bank as the lender. The Pryde acted as the landlord in the deal.
Players
Boston CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93