Updated Oct 19, 2026
Needham Bank Provides $9 Million Financing For Development Site At 40 Kent Street In Brookline
40 Kent Street
$9,000,000
Building Size
—
Asset Type
Development Site
Closing
May 5, 2025
About this deal
AI
The property asset involved in this transaction is a development site located at 40 Kent Street, situated in Brookline, MA. The site has secured a financing amount of $9 million for development purposes, underlining its significance in the market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Address: 40 Kent Street
- Market: Brookline, MA
- Lender: Needham Bank
The transaction was facilitated by Needham Bank, which has played a vital role as the lender in providing the financing for the development site at the indicated address. Specific terms or conditions tied to the loan or development project have not been detailed.
On the Map
$9,000,000
Development Site
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Players
Brookline Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93