Crowd Lending Funds $2.36M Construction Loan For Development Site In Quincy
FINANCED
$2,363,000
Massachusetts
See Similar DealsDevelopment Site14,500 SF
Financed
FINANCED
Crowd Lending Funds $2.36M Construction Loan For Development Site In Quincy
161 Sumner Street
See Similar DealsDevelopment Site14,500 SF
Financed
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$163
Total Square Footage:14500 SF
Transaction Type:Loan
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,363,000.00
- Address: 161 Sumner Street, Quincy, MA
- Market: Quincy, MA
- Asset Type: Development Site
- Square Footage: 14,500
- Units: 4
- Lender: Crowd Lending
- Landlord: Xiao Yu
- Lender's Rep: Robert Nichols - MIG Realty
- Loan Type: Construction
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,363,000.00
Monthly NOI$15,753.33
Monthly Debt Service$14,935.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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