FINANCEDDevelopment Site
Crowd Lending Funds $2.36M Construction Loan For Development Site In Quincy
161 Sumner Street
$2,363,000
$163/SF
Building Size
14,500 SF
Asset Type
Development Site
Closing
Feb 7, 2024
AI
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
Quincy Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.71%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93