Updated Oct 28, 2024
RD Advisors Provides Acquisition Loan For Mixed Use Property In Saugus, MA
181 Essex St, Saugus, MA 01906, USA
Building Size
3,573 SF
Asset Type
Mixed-use
Closing
Sep 9, 2022
About this deal
AI
A mixed-use property located at 181 Essex St in Saugus, MA has recently undergone a closed transaction. The property spans a total of 3,573 square feet, offering a versatile space for residential and commercial use.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $560,000
- Lender: RD Advisors - Sean Kelly-Rand
- Loan Type: Acquisition
RD Advisors, represented by Sean Kelly-Rand, provided a loan amount of $560,000 for the acquisition of the property. As a leading lending agency, RD Advisors specializes in non-owner occupied residential and commercial properties in Massachusetts. They offer a quick and streamlined application process, with deals that can be submitted in under 5 minutes via their website (www.rd.loans).
Players
Saugus 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93