FinanceBoston Arranges $3.25M Refinance Loan For Mixed-Use Building In Dorchester
FINANCED
$3,250,000
Massachusetts
See Similar DealsMixed-use10,000 SF
Financed 03/01/2022
FINANCED
FinanceBoston Arranges $3.25M Refinance Loan For Mixed-Use Building In Dorchester
385 Neponset Avenue, Dorchester, Massachusetts 02122, United States
See Similar DealsMixed-use10,000 SF
Financed 03/01/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$325
Total Square Footage:10,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,250,000.00
Monthly NOI$21,666.67
Monthly Debt Service$20,542.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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