Updated Oct 14, 2026
Crowd Lending Inc Provides $13,300,000 Construction Loan For Development Site In Dorchester MA
3 Aspinwall Road
$13,300,000
$315/SF
Building Size
42,099 SF
Asset Type
Development Site
Closing
Oct 1, 2026
About this deal
AI
The asset involved in the transaction is a development site located at 3 Aspinwall Road in Dorchester, MA. The site has a buildable square footage (BSF) of 36,428 and a total square footage (SF) of 42,099. The loan amount secured for this property is $13,300,000 intended for construction purposes.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $13,300,000
- Lender: Crowd Lending Inc
- Broker: Robert Nichols, Raymond Liang, Ravi Davae, Carlos Jimenez & Mauricio Florian - MIG Advisory
- Date of Transaction: 10/01/2026
The individuals involved in this transaction include Robert Nichols, Raymond Liang, Ravi Davae, Carlos Jimenez, and Mauricio Florian, all representing MIG Advisory. Their collective expertise plays a significant role in facilitating the loan process for this development site.
On the Map
$13,300,000
$315/SF
Development Site
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Players
Dorchester Center 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93