Updated Apr 1, 2025
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
About this deal
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.
On the Map
$2,108,000
$468/SF
Development Site
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Winthrop Development Site Market Snapshot
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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