Sean Kelly-Rand & Colin Kelly-Rand Of RD Advisors Provide $275,000 Mezzanine Loan For Mixed-use Asset In Somerville

The property asset involved in this transaction is a mixed-use building located at 199 Elm Street in Somerville, MA. It encompasses a total area of 3,601 square feet and has a loan amount of $275,000 which is categorized as mezzanine financing.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $275,000
• Address: 199 Elm Street
• Market: Somerville, MA
• Lender: Sean Kelly-Rand & Colin Kelly-Rand - RD Advisors
• Landlord: Pablo Picker
• Loan Type: Mezzanine

This transaction was facilitated by Sean Kelly-Rand and Colin Kelly-Rand, who represented RD Advisors as the lenders. The note from the lenders mentioned that RD Advisors is accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts, indicating their focus on providing both senior and mezzanine capital under one relationship.