FINANCED
Crowd Lending Inc Provides $2.45M Construction Loan For Vacant Land In Boston, MA With Robert Nichols - Boston Trust Realty Group
40 Wilcock Street, Boston, Massachusetts 02124, United States
$2,450,000
$306/SF
Building Size
8,000 SF
Asset Type
—
Closing
Jun 28, 2022
AI
A vacant land property located at 40 Wilcock St & 48 Wilcock St in Boston, MA has been involved in a closed transaction. The land has a square footage of 8,000 and is categorized as vacant land.
Summary of transation details
- Property Type: Vacant Land
- Transaction Amount: $2,450,000
- Market: Boston, MA
- Lender: Crowd Lending Inc
- Broker: Robert Nichols - Boston Trust Realty Group
- Loan Type: Construction
Robert Nichols from Boston Trust Realty Group represented the buyer in this deal. The lender for the transaction was Crowd Lending Inc.
Players
Boston 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93