Updated Oct 28, 2024
Kennedy Funding Provides $1.3M Industrial Loan For 100 Water St. In Holyoke, MA
100 Water St, Holyoke, Massachusetts, USA
$1,300,000
$4/SF
Building Size
284,897 SF
Asset Type
Industrial
Closing
May 28, 2020
About this deal
AI
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
Holyoke Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93