FINANCEDDevelopment Site
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
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.
Players
Boston 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93