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Bank Of New Hampshire Provides $27.77M Construction Loan For Hotel Project In Revere MA
FINANCED
$27,774,000
Massachusetts
See Similar DealsHotel
Financed 10/06/2025
FINANCED
Bank Of New Hampshire Provides $27.77M Construction Loan For Hotel Project In Revere MA
125 Squire Road
See Similar DealsHotel
Financed 10/06/2025
Summary
MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Loan
The asset involved is a hotel located at 125 Squire Road in Revere, MA. The project is set to undergo construction and was initially designed for 100 rooms but was revised to accommodate more than 150 rooms. The construction loan secured for this property is $27,774,000.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $27,774,000
- Lender: Bank of New Hampshire
- Loan Type: Construction
- Market: Revere, MA
- Address: 125 Squire Road
The developer of the planned hotel at 125 Squire Rd. has finalized the construction loan arrangement with Bank of New Hampshire. This project reflects a significant investment, with the construction loan amount indicating a robust financial commitment towards the expansion of hotel accommodations in the area.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,774,000.00
Monthly NOI$185,160.00
Monthly Debt Service$175,550.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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