Doug Landry & Michael Dignan From FinanceBoston Secure $5.15M Acquisition And Construction Loan
281 Franklin Street
$5,150,000
$401/SF
Building Size
12,834 SF
Asset Type
Mixed-use
Closing
Feb 20, 2024
AI
The mixed-use property located at 281 Franklin Street in Boston, MA spans 12,834 square feet. The loan for the acquisition and construction of this property amounted to $5,150,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,150,000
- Landlord: Adam Burns
- Brokers: Doug Landry & Michael Dignan - FinanceBoston
Doug Landry and Michael Dignan from FinanceBoston represented the transaction, overseeing the loan for the acquisition and construction of the mixed-use property. Adam Burns is the landlord associated with this deal.
Players
Boston 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93