Updated Dec 4, 2024
Brian Rooney Secures $14.025M Loan For 28-Unit Condo Project In Roxbury, MA
27 Guild Street
$14,025,000
Units
28
Asset Type
Development Site
Closing
Jun 7, 2024
About this deal
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.
On the Map
$14,025,000
Development Site
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Players
Roxbury Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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