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Maggiore Companies Secures $22.43M Mortgage From Bank Of New England In Arlington
FINANCED
$22,430,250
Massachusetts
See Similar DealsDevelopment Site
Financed 03/27/2024
FINANCED
Maggiore Companies Secures $22.43M Mortgage From Bank Of New England In Arlington
1025 Massachusetts Avenue
See Similar DealsDevelopment Site
Financed 03/27/2024
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
The development site located at 1025 Massachusetts Avenue in Arlington, MA was the subject of a $22,430,250 mortgage secured by Maggiore Companies from Bank of New England.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $22,430,250
- Address: 1025 Massachusetts Avenue
- Market: Arlington, MA
Maggiore Companies successfully secured the substantial mortgage from Bank of New England for their condo project at 1025 Massachusetts Avenue, Arlington.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,430,250.00
Monthly NOI$149,535.00
Monthly Debt Service$141,774.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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