Updated Sep 2, 2025
Brandt Bowden Of Hanover Secures $57.8 Million Construction Loan For 275 Units In Taunton
1141 County Street
$57,815,408
Units
275
Asset Type
Development Site
Closing
Aug 22, 2025
About this deal
AI
A $57.8 million construction loan was secured for a 275-unit market-rate apartment project located at 1141 County Street in Taunton, MA. The asset is classified as a development site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $57,815,408
- Loan Type: Construction
- Units: 275
- Address: 1141 County Street
- Market: Taunton, MA
Brandt Bowden represents the landlord, Hanover, in this transaction, facilitating the closing of the loan for the development project.
The development site loan at 1141 County Street in Taunton, Massachusetts financed for $57.8M in 2025. Reported inventory is 275 units across 275 units. Named participants on the 1141 County Street loan are Brandt Bowden. This page is the Taunton, Massachusetts file for the 1141 County Street development site financed: pricing, party profiles, and other closed development site comps from the same Taunton sit in the Market section below. Filter that Taunton development site set by closing date to see what else financed near 1141 County Street around 2025. Published consideration for 1141 County Street is $57.8M, dated 2025. Cite this Brandt Bowden Of Hanover Secures $57.8 Million Construction Loan For 275 Units In Taunton loan when underwriting similar development site product around Taunton, Massachusetts.
On the Map
$57,815,408
Development Site
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Players
Taunton Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93