Updated Mar 11, 2025
Sean Kelly-Rand Secures $7M Refinance Loan For Mixed-Use Property In Worcester, MA
$7,000,000
$498/SF
Building Size
14,040 SF
Asset Type
Mixed-use
Closing
May 1, 2024
About this deal
AI
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.
Players
Market 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93