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1141 County Street

Brandt Bowden Of Hanover Secures $57.8 Million Construction Loan For 275 Units In Taunton
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

Brandt Bowden

Hanover Company

Landlord

$570.2M

vol

8 deals

Landlord
HC
Hanover CompanyLandlord

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