FinanceBoston Arranges $3.25M Refinance Loan For Mixed-Use Building In Dorchester
385 Neponset Avenue, Dorchester, Massachusetts 02122, United States
$3,250,000
$325/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Feb 28, 2022
AI
A mixed-use building located at 385 Neponset Ave in Dorchester, Boston, MA, was recently involved in a cash-out refinance transaction. The property spans approximately 10,000 square feet and offers a combination of different uses.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $3,250,000
- Lender: financeboston''>financeboston'>FinanceBoston
- Broker: Shane Carthy - FinanceBoston
FinanceBoston facilitated the $3,250,000 cash-out refinance of this mixed-use building. The loan terms included a rate of 3.25%. The transaction was successfully arranged by Shane Carthy from FinanceBoston.
Players
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93