Updated May 21, 2025
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
About this deal
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.
The mixed use loan at 315-321 Union Street in Rockland, Massachusetts financed for $1.7M in 2024. The building is 12,400 square feet, implying about 138 per square foot on the published price. Named participants on the 315-321 Union Street loan are Chris Sava. This page is the Rockland, Massachusetts file for the 315-321 Union Street mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Rockland sit in the Market section below. Filter that Rockland mixed use set by closing date to see what else financed near 315-321 Union Street around 2024. Published consideration for 315-321 Union Street is $1.7M, dated 2024. Cite this Michael Garrity Of RF Boston Provides $1.72M Loan For Mixed-Use Property In Rockland MA loan when underwriting similar mixed use product around Rockland, Massachusetts.
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