Updated Oct 22, 2026
Crowd Lending Inc Provides $5,166,700 Construction Loan For Development Site In Brookline MA
71 Avon Street
$5,166,700
$444/SF
Building Size
11,622 SF
Asset Type
Development Site
Closing
Aug 17, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 71 Avon Street in Brookline, MA. The site has a square footage of 11,622 SF and is associated with a loan amount of $5,166,700, which is designated for construction purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,166,700
- Market: Brookline, MA
- Lender: Crowd Lending Inc
- Loan Originator: Robert Nichols - MIG Advisory
Key individuals involved in this deal include Robert Nichols, who is the loan originator representing MIG Advisory. Crowd Lending Inc is the lender for this transaction, providing the necessary funding for the development site at the specified address.
On the Map
$5,166,700
$444/SF
Development Site
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Players
Brookline Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93