Christopher J. Roche Of Crowd Lending Provides $1,925,000 Bridge Loan For Mixed-Use Asset In Salem MA
300 Derby Street
$1,925,000
Building Size
—
Asset Type
Mixed-use
Closing
May 4, 2026
AI
The asset involved in this transaction is a mixed-use property located at 300 Derby Street in Salem, MA. The loan amount provided for this transaction is $1,925,000, structured as a bridge loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,925,000
- Lender: Christopher J. Roche - Crowd Lending
- Loan Type: Bridge
- Date: 5/5/2026
Christopher J. Roche, representing Crowd Lending, Inc., is a direct private lender that specializes in offering fast and flexible financing solutions tailored for real estate investors, builders, and developers throughout New England. Their services include fix-and-flip, bridge, and ground-up construction loans, focusing on asset-based underwriting and competitive terms to enable quick closures for property acquisition, renovation, and development.
Salem Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93