facebook
Traded Co logo
Submit

Abdul Barrier Secures $3.77M Construction Loan From Crowd Lending Inc For 80 Welles Avenue

Property Image
FINANCED
$3,774,000

Massachusetts

See Similar Deals
Development Site9,430 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Abdul Barrier Secures $3.77M Construction Loan From Crowd Lending Inc For 80 Welles Avenue

80 Welles Avenue

See Similar Deals
Development Site9,430 SF
Financed
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$400
Total Square Footage:9430 SF
Transaction Type:Loan

The property involved in this transaction is a development site located at 80 Welles Avenue in Dorchester, MA. The asset has a building square footage of 9,430 square feet, which matches its lot size and is situated within a market identified as Dorchester. The loan amount for this development project is $3,774,000, categorized as a construction loan.

Summary of transation details:

The transaction involves key players including the landlord, Adbul Barrier, and the lender, Crowd Lending Inc, represented by Robert Nichols from MIG Realty. Robert Nichols is responsible for representing the lender in this deal, ensuring that all lending requirements and terms are met throughout the process.

Players

Robert Nichols
MIG Realty
Robert Nichols
44 deals$69M volume
BROKER
MIG Realty
MIG Realty
BROKERAGE
Crowd Lending
Crowd Lending
LENDER

Details

FINANCED
IMAGE: Robert Nichols DATE: 6/2/2025 ADDRESS: 80 Welles Avenue MARKET: Dorchester, MA ASSET TYPE: Development Site ~ BSF: 9,430 ~ SF: 9,430 LENDER: Crowd Lending Inc LANDLORD: Adbul Barrier LENDER'S REP: Robert Nichols (@RobertlNichols) - MIG Realty (@MIGRealty) LOAN AMOUNT: $3,774,000 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

$3,774,000.00

Monthly NOI$25,160.00
Monthly Debt Service$23,854.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00