Sean Kelly-Rand Of RD Advisors Provides $1.19M Refinance Loan For Multifamily Property In Haverhill MA
FINANCED
$1,190,000
Massachusetts
See Similar DealsMultiFamily18,768 SF
Financed 09/25/2024
FINANCED
Sean Kelly-Rand Of RD Advisors Provides $1.19M Refinance Loan For Multifamily Property In Haverhill MA
1-7 Fifth Avenue & 1-7 Fifth Avenue
See Similar DealsMultiFamily18,768 SF
Financed 09/25/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:18,768 SF
Transaction Type:Loan
The property asset involved in the transaction is a multifamily asset located at 1-7 Fifth Avenue, Haverhill, MA. It encompasses a total square footage of 9,384 and comprises 6 units. The loan amount for this property is $1,190,000 and is a refinance type loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,190,000
- Market: Haverhill, MA
- Lender: Sean Kelly-Rand - RD Advisors
- Loan Type: Refinance
Sean Kelly-Rand from RD Advisors is involved as the lender for the borrower's project, facilitating the necessary financial support to aid in the development process. RD Advisors is currently accepting loan requests for non-owner occupied residential and commercial properties across Massachusetts.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,190,000.00
Monthly NOI$7,933.33
Monthly Debt Service$7,521.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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