Michael Garrity Of RF Boston Provides $1.72M Loan For Mixed-Use Property In Rockland MA
FINANCED
$1,720,000
Massachusetts
See Similar DealsMixed-use12,400 SF
Financed 11/12/2024
FINANCED
Michael Garrity Of RF Boston Provides $1.72M Loan For Mixed-Use Property In Rockland MA
315-321 Union Street
See Similar DealsMixed-use12,400 SF
Financed 11/12/2024
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$138
Total Square Footage:12,400 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,720,000.00
Monthly NOI$11,466.67
Monthly Debt Service$10,871.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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