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Brandt Bowden Of Hanover Secures $57.8 Million Construction Loan For 275 Units In Taunton
FINANCED
$57,815,408
Massachusetts
See Similar DealsDevelopment Site
Financed 08/22/2025
FINANCED
Brandt Bowden Of Hanover Secures $57.8 Million Construction Loan For 275 Units In Taunton
1141 County Street
See Similar DealsDevelopment Site
Financed 08/22/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,815,408.00
Monthly NOI$385,436.05
Monthly Debt Service$365,432.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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