Updated Oct 28, 2024
Apex Capital Provides $1 Million Loan For Acquisition Of Development Site At Corey St, Everett, MA
43 Corey Street, West Roxbury, MA 02132, USA
$1,000,000
$303/SF
Building Size
3,300 SF
Asset Type
Development Site
Closing
Jul 15, 2020
About this deal
AI
An acquisition loan was secured for a development site located at 43 Corey St in Everett, MA. The property is a development site with a building square footage (BSF) of 3,300. The loan amount obtained from Apex Capital was $1,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Address: 43 Corey St, Everett, MA
- Market: Everett, MA
- BSF: 3,300
The loan was facilitated by Corey Anderson, Dan Burke, and Julio Evangelista from Apex Capital.
The development site loan at 43 Corey Street, West Roxbury, MA 02132, USA in Boston, Massachusetts financed for $1M in 2020. The building is 3,300 square feet, implying about 303 per square foot on the published price. This page is the Boston, Massachusetts file for the 43 Corey Street, West Roxbury, MA 02132, USA development site financed: pricing, party profiles, and other closed development site comps from the same Boston sit in the Market section below. Filter that Boston development site set by closing date to see what else financed near 43 Corey Street, West Roxbury, MA 02132, USA around 2020. Published consideration for 43 Corey Street, West Roxbury, MA 02132, USA is $1M, dated 2020. Cite this Apex Capital Provides $1 Million Loan For Acquisition Of Development Site At Corey St, Everett, MA loan when underwriting similar development site product around Boston, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93