FINANCEDDevelopment Site
Brandt Bowden Of Hanover Secures $57.8 Million Construction Loan For 275 Units In Taunton
1141 County Street
$57,815,408
Building Size
—
Asset Type
Development Site
Closing
Aug 22, 2025
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.
Players
Taunton Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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