Daily limit: 0/10
FinanceBoston Secures $3.675M Construction Loan For East Boston Development Site
FINANCED
$3,675,000
Massachusetts
See Similar DealsDevelopment Site
Financed 05/24/2024
FINANCED
FinanceBoston Secures $3.675M Construction Loan For East Boston Development Site
250 Bremen Street
See Similar DealsDevelopment Site
Financed 05/24/2024
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
Located at 250 Bremen Street in East Boston, MA, the property in question is a development site earmarked for a four-story mixed-use development. The asset will comprise eight luxury condominiums along with a ground-floor retail unit.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,675,000
- Address: 250 Bremen Street
- Market: East Boston, MA
Alex Blake & Michael Dignan of FinanceBoston played a pivotal role in securing a $3,675,000 construction loan for the acquisition and development of the property. The loan will facilitate the construction of the envisioned mixed-use development, highlighting their expertise in financial structuring within the real estate market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,675,000.00
Monthly NOI$24,500.00
Monthly Debt Service$23,228.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions