Updated Dec 21, 2023
Crowd Lending Inc Provides $1.05M Construction Loan For SFR In Boxford, MA
10 Stanton Circle
$1,050,000
$157/SF
Building Size
6,669 SF
Asset Type
Co-Op
Closing
Jan 6, 2023
About this deal
AI
A construction loan was secured for a single-family home located at 10 Stanton Circle in Boxford, MA. The loan, provided by Crowd Lending Inc and represented by Hussien Skaiky, amounted to $1,050,000. The loan is of the Construction type and has a duration of 12 months. It is categorized as a Hard Money loan, covering 85% of the acquisition cost and 100% of the construction expenses. The property is owned by Leonardo Parreira.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $1,050,000
- Address: 10 Stanton Circle, Boxford, MA
- Market: Boxford, MA
- Landlord: Leonardo Parreira
- Lender: Crowd Lending Inc - Hussien Skaiky
- Loan Type: Construction
- Loan Terms: Hard Money / 12 Months / 85% acquisition & 100% Construction
The loan's participating individuals are Hussien Skaiky, representing Crowd Lending Inc as the lender, and Leonardo Parreira as the property's landlord.
Players
Boxford 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93