Updated Mar 11, 2025
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
About this deal
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.
The co op loan at 23 Congress Street, Salem, Massachusetts 01970, United States in Salem, Massachusetts financed for $7.3M in 2022. 23 Congress Street, Salem, Massachusetts 01970, United States is classified as Co Op on Traded. Named participants on the 23 Congress Street, Salem, Massachusetts 01970, United States loan are Sushil Tuli. This page is the Salem, Massachusetts file for the 23 Congress Street, Salem, Massachusetts 01970, United States co op financed: pricing, party profiles, and other closed co op comps from the same Salem sit in the Market section below. Filter that Salem co op set by closing date to see what else financed near 23 Congress Street, Salem, Massachusetts 01970, United States around 2022. Published consideration for 23 Congress Street, Salem, Massachusetts 01970, United States is $7.3M, dated 2022. Cite this Leader Bank - Sushil Tuli Provides $7.25M Refinance Loan For Residential Property In Salem, MA On 23 Congress St loan when underwriting similar co op product around Salem, Massachusetts.
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