Updated Dec 4, 2024
Maggiore Companies Secures $22.43M Mortgage From Bank Of New England In Arlington
1025 Massachusetts Avenue
$22,430,250
Building Size
—
Asset Type
Development Site
Closing
Mar 27, 2024
About this deal
AI
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.
The development site loan at 1025 Massachusetts Avenue in Arlington, Massachusetts financed for $22.4M in 2024. 1025 Massachusetts Avenue is classified as Development Site on Traded. This page is the Arlington, Massachusetts file for the 1025 Massachusetts Avenue development site financed: pricing, party profiles, and other closed development site comps from the same Arlington sit in the Market section below. Filter that Arlington development site set by closing date to see what else financed near 1025 Massachusetts Avenue around 2024. Published consideration for 1025 Massachusetts Avenue is $22.4M, dated 2024. Cite this Maggiore Companies Secures $22.43M Mortgage From Bank Of New England In Arlington loan when underwriting similar development site product around Arlington, Massachusetts.
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Arlington Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93