facebook
Traded Co logo
Submit

Finance Boston Secures $3M Construction Loan For Development Site In Dorchester, MA - Brian Rooney & Jake Cremmen

Property Image
FINANCED
$3,000,000

Massachusetts

See Similar Deals
Development Site8,300 SF
Financed 02/14/2022
the dealplayerscompscontact
Property Image
FINANCED

Finance Boston Secures $3M Construction Loan For Development Site In Dorchester, MA - Brian Rooney & Jake Cremmen

5-9 Tovar Street, Dorchester, Massachusetts 02122, United States

See Similar Deals
Development Site8,300 SF
Financed 02/14/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$361
Total Square Footage:8,300 SF
Transaction Type:Loan

An $3,000,000 construction loan has been secured for a development site located at 5-9 Tovar Street in Dorchester, MA. The property is a development site with a total square footage of 8,300. The loan was obtained through Finance Boston, with Brian Rooney and Jake Cremmen representing the agency.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,000,000
  • Address: 5-9 Tovar Street, Dorchester, MA
  • Market: Dorchester, MA
  • Asset Type: Development Site
  • Square Footage: 8,300

Finance Boston, represented by Brian Rooney and Jake Cremmen, facilitated the loan transaction amounting to $3,000,000 for the development site at 5-9 Tovar Street in Dorchester, MA. The loan will be utilized for construction purposes.

Players

Brian Rooney
10 deals$117.6M volume
BROKER

Jake Cremmen
FinanceBoston
13 deals$38.3M volume
BROKER

Details

FINANCED
IMAGE: Brian Rooney & Jake Cremmen DATE: 02/14/2022 ADDRESS: 5-9 Tovar Street MARKET: Dorchester, MA ASSET TYPE: Development Site ~ SF: 8,300 BROKER: Finance Boston - Brian Rooney (Brian_Rooney_FB) & Jake Cremmen (Jake_Cremmen_FB) LOAN AMOUNT: $3,000,000 LOAN TYPE: Construction

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00