FINANCEDMixed-use
Brian Rooney Of Finance Boston Secures $15M Refinance Loan For Mixed-Use Property On 407 Washington St In Boston
407 Washington Street, Boston, Massachusetts 02135, United States
$15,000,000
$652/SF
Building Size
23,000 SF
Asset Type
Mixed-use
Closing
Mar 30, 2022
AI
Located at 407 Washington St in Boston, MA, this mixed-use property spans across 23,000 square feet. The deal involved a refinance loan, with a loan amount of $15,000,000. The loan was secured with a 3.00% interest rate.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $15,000,000
- Loan Type: Refinance
- Loan Terms: 3.00%
The broker who facilitated this transaction was Brian Rooney from Finance Boston.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93