Rockport Mortgage Refinances Mixed-Use Property In Medfield, MA For $21.3M
1100 Wilkins Glen Road, Medfield, Massachusetts 02052, United States
$21,300,000
Units
103
Asset Type
Mixed-use
Closing
Apr 28, 2022
AI
Located at 1100 Wilkins Glen Rd in Medfield, MA, this mixed-use property consists of 103 units. The transaction took place on April 29, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $21,300,000
- Loan Type: Refinance
Rockport Mortgage, represented by Dan Lyons, provided the loan of $21,300,000 for the refinancing of the property. Beacon Communities LLC, represented by Dara Kovel, is the landlord for this transaction.
Players
Medfield 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93