UniBank Provides $3.4M Refinance Loan For Mixed-Use Property In Somerville
FINANCED
$3,400,000
Massachusetts
See Similar DealsMixed-use25,829 SF
Financed 02/24/2022
FINANCED
UniBank Provides $3.4M Refinance Loan For Mixed-Use Property In Somerville
100 Fellsway West, Somerville, Massachusetts 02145, United States
See Similar DealsMixed-use25,829 SF
Financed 02/24/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$131
Total Square Footage:25,829 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,400,000.00
Monthly NOI$22,666.67
Monthly Debt Service$21,490.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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