FINANCEDMixed-use
Michael Garrity Of RF Boston Provides $1.72M Loan For Mixed-Use Property In Rockland MA
315-321 Union Street
$1,720,000
$138/SF
Building Size
12,400 SF
Asset Type
Mixed-use
Closing
Nov 12, 2024
AI
A mixed-use property located at 315-321 Union Street in Rockland, MA, encompasses a total square footage of 12,400. The loan amount for this acquisition is $1,720,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,720,000
- Lender: Michael Garrity - RF Boston
- Broker: Chris Sava - Hub Financing, LLC
- Loan Type: Acquisition
Chris Sava from Hub Financing, LLC facilitated a bridge loan for the acquisition, working in collaboration with RF Boston as the lending partner on this transaction.
Players
Rockland 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
9.22%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93