UniBank Provides $3.4M Refinance Loan For Mixed-Use Property In Somerville
100 Fellsway West, Somerville, Massachusetts 02145, United States
$3,400,000
$131/SF
Building Size
25,829 SF
Asset Type
Mixed-use
Closing
Feb 23, 2022
AI
The mixed-use property located at 100 Fellsway West in Somerville was recently involved in a closed transaction. The property spans approximately 25,829 square feet and is situated in the market of Somerville.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Loan Type: Refinance
- Loan Terms: 7/30, 2 years I/O
- Lender: unibank''>UniBank - Brennan Campbell
- Broker: Alex Dobosh - HKS Real Estate Advisors
The loan for this transaction was provided by UniBank, with Brennan Campbell representing the lender. The loan amount was $3,400,000 and it was a refinancing deal. The loan terms were set at 7/30, with 2 years of interest-only payments.
Players
Somerville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93