Updated Jul 25, 2025
Young Strategic Ventures Secures $11.25M Construction Loan For Mixed-Use Property In North Andover MA
149 Main Street
$11,250,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 13, 2025
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 149 Main Street in North Andover, MA. The property is associated with a construction loan amounting to $11,250,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,250,000
- Loan Type: Construction
- Landlord: Young Strategic Ventures
- Landlord's Representative: Doug Landry - LandUP Capital
This transaction highlights the involvement of Young Strategic Ventures as the landlord, with Doug Landry representing them through LandUP Capital in securing the construction loan for the property.
On the Map
$11,250,000
Mixed-use
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Players
North Andover 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93