Kennedy Funding Provides $1.3M Industrial Loan For 100 Water St. In Holyoke, MA
FINANCED
$1,300,000
Massachusetts
See Similar DealsIndustrial284,897 SF
Financed 05/28/2020
FINANCED
Kennedy Funding Provides $1.3M Industrial Loan For 100 Water St. In Holyoke, MA
100 Water St, Holyoke, Massachusetts, USA
See Similar DealsIndustrial284,897 SF
Financed 05/28/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$4
Total Square Footage:284,897 SF
Transaction Type:Loan
Hampden Papers, Inc. is the landlord for the industrial property located at 100 Water St. in Holyoke, MA. The property was involved in a closed transaction that took place on 05/28/2021. The loan for this transaction was provided by Kennedy Funding, represented by Kevin Wolfer. The loan amount for this transaction was $1,300,000.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Market: Holyoke, MA
- Loan Lender: Kennedy Funding - Kevin Wolfer
- Landlord: Hampden Papers, Inc.
Kevin Wolfer, representing Kennedy Funding, facilitated the loan for this closed transaction. The transaction involved the industrial property located at 100 Water St. in Holyoke, MA. This deal presented an opportunity for Hampden Papers, Inc. to secure financing for their involvement in the industrial market within the Holyoke, MA area.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,300,000.00
Monthly NOI$8,666.67
Monthly Debt Service$8,216.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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