Updated Dec 19, 2023
HSBC Bank Provides $23M Loan For Industrial Property In Springfield Gardens
181-25 Eastern Avenue, Springfield, MA, USA
$23,094,370
$306/SF
Building Size
75,410 SF
Asset Type
Industrial
Closing
May 31, 2021
About this deal
AI
The industrial property located at 181-25 Eastern Road in Springfield Gardens was involved in a loan transaction. The lender for this transaction was HSBC Bank. The loan amount for this deal was $23,094,370, and the property spans across 75,410 square feet.
Summary of transaction details:
- Property Type: Industrial
- Loan Amount: $23,094,370
- Address: 181-25 Eastern Road
- Market: Springfield Gardens
The landlord for this property is Armando Gabrielli. Another important participant in this loan deal was HSBC Bank as the lender.
The industrial loan at 181-25 Eastern Avenue, Springfield, MA, USA in Springfield, Massachusetts financed for $23.1M in 2021. The building is 75,410 square feet, implying about 306 per square foot on the published price. This page is the Springfield, Massachusetts file for the 181-25 Eastern Avenue, Springfield, MA, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Springfield sit in the Market section below. Filter that Springfield industrial set by closing date to see what else financed near 181-25 Eastern Avenue, Springfield, MA, USA around 2021. Published consideration for 181-25 Eastern Avenue, Springfield, MA, USA is $23.1M, dated 2021. Cite this HSBC Bank Provides $23M Loan For Industrial Property In Springfield Gardens loan when underwriting similar industrial product around Springfield, Massachusetts.
Players
Springfield 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93