Updated Oct 28, 2024
MassHousing Provides $10.4M Loan For Mixed-Use Property In Chelsea, MA
25 Sixth Street, Chelsea, Massachusetts 02150, United States
$10,400,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 24, 2022
About this deal
AI
A mixed-use property located at 25 6th St in Chelsea, MA was recently involved in a transaction. The property, situated in the Chelsea market, attracted attention from both lenders and landlords.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,400,000
- Address: 25 6th St, Chelsea, MA
- Market: Chelsea, MA
The lender for this transaction was masshousing''>MassHousing, with Chrystal Kornegay representing them. The loan amount for the transaction was $10,400,000. On the other hand, The Neighborhood Developers acted as the landlord in this deal, with Rafael Mares representing them.
Players
Chelsea Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93