Shane Carthy's Finance Boston Facilitates $3.25M Refinance In Brighton, MA
571-575 Washington St, Brighton, MA 02135
$3,250,000
$162/SF
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Mar 30, 2022
AI
A mixed-use property located at 571-575 Washington St in Brighton, MA has recently undergone a loan refinance. The property spans approximately 20,000 square feet in size and is situated in the market of Brighton, MA.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,250,000
- Loan Type: Refinance
- Loan Terms: 3%
- Broker: Shane Carthy (Shane.Carthy_Fb) - Finance Boston
Shane Carthy from Finance Boston served as the broker for this transaction, representing the parties involved in the loan refinance deal. The loan amount secured for this mixed-use property was $3,250,000, with favorable terms of 3%.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93