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
$3,500,000
$218/SF
Building Size
16,000 SF
Asset Type
Mixed-use
Closing
Mar 30, 2022
AI
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.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93