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6b Riverside Drive Pembroke...

Cambridge Savings Bank Provides $2.6M Acquisition Loan For White Wood Kitchens
FINANCEDCommercial

Cambridge Savings Bank Provides $2.6M Acquisition Loan For White Wood Kitchens

6b Riverside Drive Pembroke, MA 02359, USA

$2,600,000

Building Size

Asset Type

Commercial

Closing

Aug 10, 2023

AI

The commercial property located at 160 MA-6A & 6b Riverside Drive in Sandwich & Pembroke, MA has been involved in a recent loan transaction. The property, which consists of a commercial building, was the subject of an acquisition loan.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $2,600,000
  • Address: 160 MA-6A & 6b Riverside Drive, Sandwich & Pembroke, MA
  • Market: Sandwich & Pembroke, MA

Cambridge Savings Bank (CSB) acted as the lender in this loan transaction. They provided $2.6 million in financing to facilitate the acquisition of the property. The loan was extended to Anton Emelianov, who is the landlord and the individual responsible for acquiring ownership of the property.

It's important to note that the purpose of the loan was to support the acquisition and ownership transition of White Wood Kitchens, a well-known kitchen and project management firm located in Cape Cod, MA. The financing provided by Cambridge Savings Bank will aid in the seamless transition of ownership for this prominent business.

Players

Cambridge Savings Bank
Cambridge Savings BankLender

Dennis Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93