Updated Jun 6, 2025
Bank Of New Hampshire Provides $20.24 Million Construction Loan For Development Site In Allston
14 20 Linden Street
$20,240,000
Building Size
—
Asset Type
Development Site
Closing
Jun 2, 2025
About this deal
AI
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.
On the Map
$20,240,000
Development Site
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Players
Allston Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93