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Brian Rooney Secures $14.025M Loan For 28-Unit Condo Project In Roxbury, MA
FINANCED
$14,025,000
Massachusetts
See Similar DealsDevelopment Site
Financed 06/07/2024
FINANCED
Brian Rooney Secures $14.025M Loan For 28-Unit Condo Project In Roxbury, MA
27 Guild Street
See Similar DealsDevelopment Site
Financed 06/07/2024
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
The development site located at 27 Guild Street in Roxbury, MA, spans across 1.1 acres. FinanceBoston has successfully secured a construction loan amounting to $14,025,000 for the 28-unit condominium project set to be developed on this vacant land parcel.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $14,025,000
- Address: 27 Guild Street
- Market: Roxbury, MA
- Asset Type: Development Site
- Loan Type: Construction
Brian Rooney from FinanceBoston played a crucial role in securing the $14,025,000 construction loan for the 28-unit condominium project in Roxbury, MA, reflecting his expertise in financial transactions within the real estate market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,025,000.00
Monthly NOI$93,500.00
Monthly Debt Service$88,647.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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