Updated Mar 24, 2025
William Senne Secures $6.1 Million Acquisition Loan For Condo At 74 Oxford Street In Cambridge
74 Oxford Street
$6,100,000
$616/SF
Building Size
9,900 SF
Asset Type
Condo
Closing
Jan 21, 2025
About this deal
AI
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.
On the Map
$6,100,000
$616/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93