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Christopher J. Roche Of Crowd Lending Provides $9.425M Loan For Development Site In Melrose, MA

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FINANCED
$9,425,000

Massachusetts

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Development Site48,884 SF
Financed 04/14/2025
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FINANCED

Christopher J. Roche Of Crowd Lending Provides $9.425M Loan For Development Site In Melrose, MA

31 39 West Wyoming Avenue

See Similar Deals
Development Site48,884 SF
Financed 04/14/2025
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Summary

MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$192
Total Square Footage:48,884 SF
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 31-39 West Wyoming Avenue in Melrose, MA. The total area of the site is 48,884 square feet. The loan amount secured for this property is $9,425,000, specifically categorized as a construction loan.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $9,425,000
  • Lender: Christopher J. Roche - Crowd Lending
  • Attorney: Steven J. Brooks, Esquire - Brooks & Crowley, LLP
  • Loan Type: Construction

This transaction was facilitated by Crowd Lending Inc., a Boston-based private lender that specializes in providing fast and flexible funding for the acquisition and renovation of investment properties. Their expertise lies in the Greater Boston real estate market, and they emphasize ease, speed, and simplicity in their partnerships, with the capability to close in as little as 72 hours.

Players

11 deals$33.5M volume
LENDER

LENDER

Details

FINANCED
IMAGE: Christopher J. Roche DATE: 04/14/2025 ADDRESS: 31-39 West Wyoming Avenue MARKET: Melrose, MA ASSET TYPE: Development Site ~ SF: 48,884 LENDER: Christopher J. Roche (@HardMoneyGreaterBoston) - Crowd Lending (@CrowdLendingInc) ATTORNEY: Steven J. Brooks, Esquire - Brooks & Crowley, LLP LOAN AMOUNT: $9,425,000 LOAN TYPE: Construction NOTE FROM LENDER: Crowd Lending Inc. is a Boston based private lender, we provide fast, flexible, funding for the acquisition and renovation of investment properties. We possess deep knowledge of the Greater Boston real estate market. Our mission is to provide ease, speed, and simplicity for our partners. We can close in as little as 72 hours.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,425,000.00

Monthly NOI$62,833.33
Monthly Debt Service$59,572.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00