FINANCEDMixed-use
FinanceBoston Secures $20.6M Construction Loan For Mixed-Use Property On W Broadway, Boston
400 West Broadway
$20,600,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 6, 2022
AI
The asset involved in this transaction is a mixed-use property located at 400 W Broadway, Boston, MA, which has received a construction loan amounting to $20,600,000.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $20,600,000
- Loan Type: Construction
- Broker: Doug Landry - FinanceBoston
- Analyst: Michael Dignan - FinanceBoston
- Date: 09/06/2022
Doug Landry and Michael Dignan from FinanceBoston facilitated this transaction, representing the interests of the parties involved in securing the construction loan for the mixed-use asset.
Players
New York 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93