Christopher J. Roche Of Crowd Lending Inc. Provides $1.2M Refinance Loan For Development Site In Mattapan
819 Cummins Highway
$1,200,000
$61/SF
Building Size
19,491 SF
Asset Type
Development Site
Closing
Jul 17, 2025
AI
The asset involved is a development site located at 819 Cummins Highway in Mattapan, MA. The property occupies a square footage of 19,491. The total loan amount for this refinance transaction is $1,200,000, with a loan term set for one year.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Lender: Christopher J. Roche - Crowd Lending Inc.
- Attorney: Steven J. Brooks, Esquire - Brooks & Crowley, LLP
- Loan Type: Refinance
- Loan Terms: One Year
The financing was facilitated by Christopher J. Roche, representing Crowd Lending Inc., which provided the funds necessary for refinancing. Steven J. Brooks, Esquire, from Brooks & Crowley, LLP, served as the attorney overseeing the legal aspects of the transaction.
Mattapan 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93