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125 Squire Road

Bank Of New Hampshire Provides $27.77M Construction Loan For Hotel Project In Revere MA
FINANCEDHotel

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

Bank of New Hampshire
Bank of New HampshireLender

Revere Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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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