Christopher J. Roche Of Crowd Lending Inc. Provides $2.1M Construction Loan For Development Site In Winthrop MA
FINANCED
$2,108,000
Massachusetts
See Similar DealsDevelopment Site4,500 SF
Financed 03/13/2025
FINANCED
Christopher J. Roche Of Crowd Lending Inc. Provides $2.1M Construction Loan For Development Site In Winthrop MA
67 Woodside Avenue
See Similar DealsDevelopment Site4,500 SF
Financed 03/13/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$468
Total Square Footage:4,500 SF
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,108,000.00
Monthly NOI$14,053.33
Monthly Debt Service$13,323.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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