Shane Carthy Of FinanceBoston Secures $3.5M Refinance Loan For 16,000 SF Mixed-Use Property On 512 Gallivan Blvd In Boston, MA
FINANCED
$3,500,000
Massachusetts
See Similar DealsMixed-use16,000 SF
Financed 03/31/2022
FINANCED
Shane Carthy Of FinanceBoston Secures $3.5M Refinance Loan For 16,000 SF Mixed-Use Property On 512 Gallivan Blvd In Boston, MA
512 Gallivan Boulevard, Dorchester, Massachusetts 02124, United States
See Similar DealsMixed-use16,000 SF
Financed 03/31/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$218
Total Square Footage:16,000 SF
Transaction Type:Loan
Located at 512 Gallivan Blvd in Boston, MA, this mixed-use property spans an impressive 16,000 square feet. The property was recently involved in a loan transaction, with the loan being brokered by Shane Carthy of FinanceBoston. The loan amount for this refinance deal was $3,500,000, and the loan terms were set at 3%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Address: 512 Gallivan Blvd, Boston, MA
- Market: Boston, MA
- Square Footage: 16,000
Shane Carthy from FinanceBoston played a key role in facilitating the loan transaction for this property. With their expertise, they were able to secure a refinance loan with favorable terms, benefiting both the borrower and the lender.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,500,000.00
Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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