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Massachusetts

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Development Site

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67 Woodside Avenue

Christopher J. Roche Of Crowd Lending Inc. Provides $2.1M Construction Loan For Development Site In Winthrop MA
FINANCEDDevelopment Site

Christopher J. Roche Of Crowd Lending Inc. Provides $2.1M Construction Loan For Development Site In Winthrop MA

67 Woodside Avenue

$2,108,000

$468/SF

Building Size

4,500 SF

Asset Type

Development Site

Closing

Mar 13, 2025

AI

The asset involved in this transaction is a development site located at 67 Woodside Avenue in Winthrop, MA, covering a total area of 4,500 square feet. The loan amount for this property is $2,108,000, under a construction loan type with a duration of 12 months.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,108,000
  • Loan Type: Construction
  • Loan Terms: 12 Month
  • Lender: Christopher J. Roche - Crowd Lending, Inc.

This transaction highlights the swift processing capabilities of Crowd Lending, Inc., which successfully funded this loan in less than two weeks. The company specializes in providing fast and flexible funding solutions for the acquisition and renovation of investment properties.

Players

Christopher J. Roche

Lender

$40.9M

vol

13 deals

Lender
Crowd Lending
Crowd LendingLender

Winthrop Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.53%

Cash-on-Cash

-2.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93