FINANCEDCo-Op
Leader Bank - Sushil Tuli Provides $7.25M Refinance Loan For Residential Property In Salem, MA On 23 Congress St
23 Congress Street, Salem, Massachusetts 01970, United States
$7,250,000
Building Size
—
Asset Type
Co-Op
Closing
May 3, 2022
AI
The residential property located at 23 Congress St in Salem, MA has been involved in a recent loan transaction.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $7,250,000
- Market: Salem, MA
- Lender: Leader Bank - Sushil Tuli
- Loan Type: Refinance
The loan, provided by Leader Bank and represented by Sushil Tuli, amounts to $7,250,000 and was used to refinance the property at 23 Congress St in Salem, MA.
Players
Salem 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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93