Brian Rooney Secures $14.025M Loan For 28-Unit Condo Project In Roxbury, MA
27 Guild Street
$14,025,000
Building Size
—
Asset Type
Development Site
Closing
Jun 7, 2024
AI
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.
Players
Roxbury 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93