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

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FINANCED
$2,600,000

Massachusetts

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Commercial
Financed 08/10/2023
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Property Image
FINANCED

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

6b Riverside Drive Pembroke, MA 02359, USA

See Similar Deals
Commercial
Financed 08/10/2023
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Summary

MASSACHUSETTS
Asset Type:Commercial
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: 08/10/2023 ADDRESS: 160 MA-6A & 6b Riverside Drive MARKET: Sandwich & Pembroke, MA ASSET TYPE: Commercial LENDER: Cambridge Savings Bank (@Cambridge_Savings_Bank) LANDLORD: Anton Emelianov LOAN AMOUNT: $2,600,000 LOAN TYPE: Acquisition NOTE: Cambridge Savings Bank (CSB) has extended $2.6 million in financing to facilitate the acquisition and ownership transition of White Wood Kitchens, a prominent kitchen and project management firm in Cape Cod, MA.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,600,000.00

Monthly NOI$17,333.33
Monthly Debt Service$16,433.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00