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LandUP Capital Arranges $6.4M Construction Loan For 1093 Beacon Street Development In Brookline
FINANCED
$6,400,000
Massachusetts
See Similar DealsDevelopment Site
Financed
FINANCED
LandUP Capital Arranges $6.4M Construction Loan For 1093 Beacon Street Development In Brookline
1093 Beacon Street
See Similar DealsDevelopment Site
Financed
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 1093 Beacon Street, Brookline, MA. The loan amount is $6,400,000, and it is designated for construction purposes. This site is being redeveloped to transform the existing brick building into luxury condominiums within a highly sought-after neighborhood in Greater Boston.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,400,000
- Loan Type: Construction
- Broker: LandUP Capital
- Market: Brookline, MA
LandUP Capital arranged the financing for this project, focusing on the acquisition and construction aspects to facilitate the redevelopment effort. The project aims to capitalize on the location's desirability by converting the property into luxury residential units.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,400,000.00
Monthly NOI$42,666.67
Monthly Debt Service$40,452.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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