Rockport Mortgage Refinances Mixed-Use Property In Medfield, MA For $21.3M
FINANCED
$21,300,000
Massachusetts
See Similar DealsMixed-use
Financed 04/29/2022
FINANCED
Rockport Mortgage Refinances Mixed-Use Property In Medfield, MA For $21.3M
1100 Wilkins Glen Road, Medfield, Massachusetts 02052, United States
See Similar DealsMixed-use
Financed 04/29/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,300,000.00
Monthly NOI$142,000.00
Monthly Debt Service$134,630.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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