Bank Of New Hampshire Provides $27.77M Construction Loan For Hotel Project In Revere MA
125 Squire Road
$27,774,000
Building Size
—
Asset Type
Hotel
Closing
Oct 6, 2025
AI
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
Revere Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93