Updated Mar 11, 2025
RD Advisors Provides $560K Acquisition Loan For Mixed-Use Property In Saugus, MA
181 Essex Street, Saugus, Massachusetts 01906, United States
$560,000
$156/SF
Building Size
3,573 SF
Asset Type
Mixed-use
Closing
Sep 8, 2022
About this deal
AI
Sean Kelly-Rand has shared a photo on Instagram featuring a mixed-use property located at 181 Essex St in Saugus, MA. The property spans 3,573 square feet and was involved in a recent closed transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $560,000
- Date: 09/09/2022
- Market: Saugus, MA
The lender in this transaction was RD Advisors, represented by Sean Kelly-Rand. The loan amount provided was $560,000 for the purpose of acquisition. RD Advisors specializes in financing non-owner occupied residential and commercial properties in Massachusetts. For those interested in seeking a loan, they can submit a deal through the RD Advisors 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
28.33%
Cash-on-Cash
-8.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93