Updated Oct 28, 2024
Freddie Mac Optigo Refinances Senior Housing Property In Mashpee, MA For $24.8M
64 Great Neck Road South, Mashpee, Massachusetts 02649, United States
$24,800,000
$376/SF
Building Size
65,930 SF
Asset Type
—
Closing
Mar 7, 2022
About this deal
AI
The senior housing property located at 64 Great Neck Rd S in Mashpee, MA has undergone a loan refinancing transaction. The property consists of 70 units and is owned by Northbridge Companies.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $24,800,000
- Lender: Freddie Mac Optigo
- Landlord: Northbridge Companies
- Brokers: Shailini Nehra - Greystone
The loan for this transaction was provided by Freddie Mac Optigo. The amount of the loan was $24,800,000. Shailini Nehra from Greystone represented the parties involved in this deal.
Players
Mashpee CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Visit Shailini Nehra to view all their deals.
Browse Massachusetts loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93