Updated Oct 29, 2024
Slacktide Development Secures $8M Construction Loan For Nantucket Development Site
14 Madequecham Valley Rd Nantucket, MA 02554, USA
$8,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 8, 2023
About this deal
AI
Slacktide Development has secured a construction loan for a development site located at 14 Madequecham Valley Road in Nantucket, MA. The loan amount for this transaction is $8,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Address: 14 Madequecham Valley Road, Nantucket, MA
- Market: Nantucket, MA
Doug Landry from FinanceBoston served as the broker for the deal.
The development site loan at 14 Madequecham Valley Rd Nantucket, MA 02554, USA in Boston, Massachusetts financed for $8M in 2023. 14 Madequecham Valley Rd Nantucket, MA 02554, USA is classified as Development Site on Traded. Doug Landry, FinanceBoston appear on the loan alongside FinanceBoston. This page is the Boston, Massachusetts file for the 14 Madequecham Valley Rd Nantucket, MA 02554, USA development site financed: pricing, party profiles, and other closed development site comps from the same Boston sit in the Market section below. Filter that Boston development site set by closing date to see what else financed near 14 Madequecham Valley Rd Nantucket, MA 02554, USA around 2023. Published consideration for 14 Madequecham Valley Rd Nantucket, MA 02554, USA is $8M, dated 2023. Cite this Slacktide Development Secures $8M Construction Loan For Nantucket Development Site loan when underwriting similar development site product around Boston, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93