Updated Mar 11, 2025
RD Advisors Provides $940,000 Acquisition Loan For Multifamily Property In Newton, MA
41 John St Newton, MA 02459, USA
$940,000
$133/SF
Building Size
7,050 SF
Asset Type
Development Site
Closing
Aug 9, 2022
About this deal
AI
The multifamily property located at 41 John Street in Newton, MA has been involved in a recent loan transaction. The loan was provided by RD Advisors, represented by Sean Kelly-Rand, for the purpose of acquisition. The loan amount for this transaction was $940,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $940,000
- Lender: RD Advisors
- Lender's Representative: Sean Kelly-Rand
- Loan Type: Acquisition
Sean Kelly-Rand from RD Advisors played a key role as the lender's representative in this transaction, facilitating the acquisition loan for the multifamily property at 41 John Street in Newton, MA.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.88%
Cash-on-Cash
-4.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93