Rockland Trust Provides $57M Loan For Mixed-Use Property At 100 Madison St, Worcester, MA
100 Madison Street, Worcester, Massachusetts 01610, United States
$57,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 26, 2022
AI
Located at 100 Madison St in Worcester, MA, this mixed-use property recently underwent a closed transaction. The deal was facilitated by brokers Thomas Welch and Adam Coppola from Colliers. The property is owned by Madison Properties LLC and the lender for this transaction was Rockland Trust. The loan amount for the transaction was $57,000,000.
Summary of transaction details:
- Property Type: Mixed use
- Transaction Amount: $57,000,000
- Address: 100 Madison St
- Market: Worcester, MA
The involvement of Thomas Welch and Adam Coppola from Colliers contributed to the successful completion of this closed transaction.
Players
Worcester Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93