Crowd Lending Inc Provides $2.45M Construction Loan For Vacant Land In Boston, MA With Robert Nichols - Boston Trust Realty Group
FINANCED
$2,450,000
Massachusetts
See Similar Deals8,000 SF
Financed 06/29/2022
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
See Similar Deals8,000 SF
Financed 06/29/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$306
Total Square Footage:8,000 SF
Transaction Type:Loan
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
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,450,000.00
Monthly NOI$16,333.33
Monthly Debt Service$15,485.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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