Updated Oct 28, 2024
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
About this deal
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.
The mixed use loan at 1100 Wilkins Glen Road, Medfield, Massachusetts 02052, United States in Medfield, Massachusetts financed for $21.3M in 2022. Reported inventory is 103 units across 103 units. Named participants on the 1100 Wilkins Glen Road, Medfield, Massachusetts 02052, United States loan are Dara Kovel. This page is the Medfield, Massachusetts file for the 1100 Wilkins Glen Road, Medfield, Massachusetts 02052, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Medfield sit in the Market section below. Filter that Medfield mixed use set by closing date to see what else financed near 1100 Wilkins Glen Road, Medfield, Massachusetts 02052, United States around 2022. Published consideration for 1100 Wilkins Glen Road, Medfield, Massachusetts 02052, United States is $21.3M, dated 2022. Cite this Rockport Mortgage Refinances Mixed-Use Property In Medfield, MA For $21.3M loan when underwriting similar mixed use product around Medfield, Massachusetts.
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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