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Bank Of New Hampshire Provides $20.24 Million Construction Loan For Development Site In Allston
FINANCED
$20,240,000
Massachusetts
See Similar DealsDevelopment Site
Financed 06/02/2025
FINANCED
Bank Of New Hampshire Provides $20.24 Million Construction Loan For Development Site In Allston
14 20 Linden Street
See Similar DealsDevelopment Site
Financed 06/02/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
The asset involved in the transaction is a development site located at 14-20 Linden Street in Allston, MA. The loan associated with this site was secured for a total of $20,240,000, which is classified as a construction loan. The property is indicative of a noteworthy development opportunity in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,240,000
- Lender: Bank of New Hampshire
- Loan Type: Construction
- Date of Loan: 06/02/2025
The deal was facilitated with Bank of New Hampshire, which provided two loans to the developer, including the significant construction loan for the development site. This transaction highlights the financing support available for real estate development projects in the Allston market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,240,000.00
Monthly NOI$134,933.33
Monthly Debt Service$127,930.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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