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Sean Kelly-Rand Of RD Advisors Provides $2.5M Construction Loan For Industrial Properties In MA

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FINANCED
$2,500,000

Massachusetts

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Industrial72,000 SF
Financed 08/30/2024
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FINANCED

Sean Kelly-Rand Of RD Advisors Provides $2.5M Construction Loan For Industrial Properties In MA

1 Main Street, 17 Leominster Road & Acton Road

See Similar Deals
Industrial72,000 SF
Financed 08/30/2024
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$34
Total Square Footage:72,000 SF
Transaction Type:Loan

The asset involved in this transaction is an industrial property located at 1 Main Street, 17 Leominster Road & Acton Road, situated in the Shirley & Chelmsford, MA market. The property spans 119,000 square feet and has a construction loan amount of $2,500,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,500,000
  • Location: 1 Main Street, 17 Leominster Road & Acton Road, Shirley & Chelmsford, MA
  • Asset Size: 119,000 SF
  • Lender: Sean Kelly-Rand - RD Advisors
  • Loan Type: Construction

The key individual involved in this transaction is Sean Kelly-Rand, representing RD Advisors as the lender for the construction loan. RD Advisors is currently accepting loan requests for non-owner-occupied residential and commercial properties in Massachusetts, allowing potential clients to submit deals in under 5 minutes through their website.

Players

RD Advisors
RD Advisors
LENDER

Details

FINANCED
IMAGE: Sean Kelly-Rand DATE: 08/30/2024 ADDRESS: 1 Main Street, 17 Leominster Road & Acton Road MARKET: Shirley & Chelmsford, MA ASSET TYPE: Industrial ~ SF: 119,000 LENDER: Sean Kelly-Rand - RD Advisors (@RD.Advisors) LOAN AMOUNT: $2,500,000 LOAN TYPE: Construction NOTE FROM LENDER: RD Advisors is accepting loan requests for non-owner-occupied residential and commercial properties in Massachusetts! Submit a deal in under 5 minutes through our website (www.rd.loans)

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,500,000.00

Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00