Updated Oct 28, 2024
MassHousing Provides $9M Loan For Residential Property In Wareham, MA, With Chrystal Kornegay & Roberto Arista
1 Churchill Ave, Wareham, Massachusetts, USA
$9,000,000
Building Size
—
Asset Type
Co-Op
Closing
Nov 30, 2021
About this deal
AI
A residential property located at 1 Churchill Ave in Wareham, MA has been involved in a recent transaction. The loan amount for this transaction was $9,000,000. The lender for this loan was masshousing''>MassHousing, represented by Chrystal Kornegay. The landlord for this property is Dakota Partners, Inc., represented by Roberto Arista.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $9,000,000
Chrystal Kornegay from MassHousing served as the lender for this transaction, providing the loan amount of $9,000,000. Roberto Arista from Dakota Partners, Inc. acted as the landlord for the residential property located at 1 Churchill Ave in Wareham, MA.
Players
Wareham Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93