Rockland Trust Provides $57M Loan For Mixed-Use Property At 100 Madison St, Worcester, MA
FINANCED
$57,000,000
Massachusetts
See Similar DealsMixed-use
Financed 01/27/2022
FINANCED
Rockland Trust Provides $57M Loan For Mixed-Use Property At 100 Madison St, Worcester, MA
100 Madison Street, Worcester, Massachusetts 01610, United States
See Similar DealsMixed-use
Financed 01/27/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,000,000.00
Monthly NOI$380,000.00
Monthly Debt Service$360,278.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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