Sean Kelly-Rand Secures $7M Refinance Loan For Mixed-Use Property In Worcester, MA
FINANCED
$7,000,000
Massachusetts
See Similar DealsMixed-use14,040 SF
Financed 05/01/2024
FINANCED
Sean Kelly-Rand Secures $7M Refinance Loan For Mixed-Use Property In Worcester, MA
Mixed-use14,040 SF
Financed 05/01/2024
Summary
Asset Type:Mixed-use
Price Per Square Foot:$498
Total Square Footage:14,040 SF
Transaction Type:Loan
The mixed-use property located at 250 Commercial Street, 418 Main St, 516 Boston Tpke, 35 Waldo St, 142 Commercial St & 335 Main St in Worcester, MA, spans 2,340 square feet. The loan amount for this property is $7,000,000, and it was issued for a refinance.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Address: 250 Commercial Street, 418 Main St, 516 Boston Tpke, 35 Waldo St, 142 Commercial St & 335 Main St
- Market: Worcester, MA
- Lender: Sean Kelly-Rand - RD Advisors
- Loan Type: Refinance
RD Advisors, represented by Sean Kelly-Rand, is currently accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts. Potential clients can easily submit a deal in under 5 minutes through the RD Advisors website at www.rd.loans.
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LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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