Updated Dec 21, 2023
Cornerstone Realty Capital Arranges $12.25M Loan For Mixed-Use Property In Jamaica Plain, MA
3193 Washington Street, Jamaica Plain, Boston, MA, USA
$12,250,000
$290/SF
Building Size
42,170 SF
Asset Type
Mixed-use
Closing
Jun 17, 2020
About this deal
AI
3193 Washington Street, located in Jamaica Plain, MA, has recently undergone a closed property transaction. This mixed-use property was the subject of the deal, which took place on 06/17/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $12,250,000
- Loan Terms: Low, fixed-rate financing structure with 12 months of interest, 30-year amortization schedule
- Broker: Andrew Saccone - Cornerstone Realty Capital
Andrew Saccone from Cornerstone Realty Capital represented the parties involved in this transaction. He played a crucial role in securing the loan for the property, which amounted to $12,250,000. The loan terms include a low, fixed-rate financing structure, with 12 months of interest and a 30-year amortization schedule.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93