William Senne Secures $6.1 Million Acquisition Loan For Condo At 74 Oxford Street In Cambridge
FINANCED
$6,100,000
Massachusetts
See Similar DealsCondo9,900 SF
Financed 01/21/2025
FINANCED
William Senne Secures $6.1 Million Acquisition Loan For Condo At 74 Oxford Street In Cambridge
74 Oxford Street
See Similar DealsCondo9,900 SF
Financed 01/21/2025
Summary
MASSACHUSETTS
Asset Type:Condo
Price Per Square Foot:$616
Total Square Footage:9,900 SF
Transaction Type:Loan
The asset involved in this transaction is a condo located at 74 Oxford Street in the Cambridge market. The loan amount for the acquisition is $6,100,000.00. The lender for this transaction is RD Advisors, which specializes in financing non-owner occupied residential and commercial properties in Massachusetts.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,100,000.00
- Lender: RD Advisors
- Landlord: William Senne
- Loan Type: Acquisition
- Loan Terms: Building and Acquisition
William Senne is noted as the landlord in this transaction. RD Advisors is actively accepting loan requests for similar properties, allowing potential clients to submit their deals through their website in a quick and efficient manner.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,100,000.00
Monthly NOI$40,666.67
Monthly Debt Service$38,556.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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