Updated Sep 5, 2024
FinanceBoston Helps Secure $3.5M Refinance Loan For 9,351 SF Special Purpose Property On Hamilton St In Saugus
163 Hamilton Street, Saugus, Massachusetts 01906, United States
$3,500,000
$374/SF
Building Size
9,351 SF
Asset Type
—
Closing
May 30, 2022
About this deal
AI
The special purpose property located at 163 Hamilton St in Saugus, MA has been recently refinanced. The property spans an area of 9,351 square feet and is characterized by its unique features. The transaction was facilitated by Doug Landry of FinanceBoston.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $3,500,000
- Loan Type: Refinance
- Address: 163 Hamilton St
- Market: Saugus, MA
- Broker: Doug Landry - FinanceBoston
The refinancing deal at 163 Hamilton St was successfully executed, thanks to the efforts of Doug Landry from FinanceBoston. This transaction underscores the importance of a skilled broker who understands the intricacies of the market and can effectively negotiate favorable terms.
Players
Saugus 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93