Fantini & Gorga Arranges $1.8M Construction Loan For Residential Condominium In Gloucester
FINANCED
$1,800,000
Massachusetts
See Similar Deals15,103 SF
Financed 06/22/2020
FINANCED
Fantini & Gorga Arranges $1.8M Construction Loan For Residential Condominium In Gloucester
78 Thatcher Rd, Gloucester, MA 01930, USA
See Similar Deals15,103 SF
Financed 06/22/2020
Summary
MASSACHUSETTS
Price Per Square Foot:$119
Total Square Footage:15,103 SF
Transaction Type:Loan
A residential condominium located at 78 Thatcher Road in Gloucester has recently closed in a transaction.
Summary of transaction details
- Property Type: Residential Condominium
- Loan Amount: $1,800,000
- Loan Type: Construction Loan
The deal was facilitated by brokers Derek Coulombe and Lindsay Feig of Fantini & Gorga.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,800,000.00
Monthly NOI$12,000.00
Monthly Debt Service$11,377.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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