Fantini & Gorga Brokers $5.5M Loan For Mixed-Use Property On Newbury St, Boston, MA
FINANCED
$5,500,000
Massachusetts
See Similar DealsMixed-use
FINANCED
Fantini & Gorga Brokers $5.5M Loan For Mixed-Use Property On Newbury St, Boston, MA
163 Newbury Street, Boston, Massachusetts 02116, United States
See Similar DealsMixed-use
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use property located at 163 Newbury St in Boston, MA was recently involved in a closed transaction. The loan amount for this deal was $5,500,000. The property consists of both residential and commercial spaces, making it suitable for a variety of purposes.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $5,500,000
- Address: 163 Newbury St, Boston, MA
- Market: Boston, MA
Derek Coulombe from Fantini & Gorga served as the broker for this transaction. His expertise and knowledge in the market helped facilitate the deal and ensure a successful outcome for all parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,500,000.00
Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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