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
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