Updated Oct 28, 2024
MassHousing Grants $6.5M Loan For Multifamily Property Acquisition In Wareham, MA
1 Churchill Avenue, Wareham, Massachusetts 02571, United States
$6,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 20, 2022
About this deal
AI
masshousing''>MassHousing has provided a loan of $6,500,000 for the multifamily property located at 1 Churchill Ave in Wareham, MA. The loan was secured by Chrystal Kornegay, the CEO of MassHousing. The property is owned by Dakota Partners, Inc., with Roberto Arista representing the company as the landlord.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Date: 03/21/2022
- Address: 1 Churchill Ave, Wareham, MA
- Lender: MassHousing - Chrystal Kornegay
- Landlord: Dakota Partners, Inc. - Roberto Arista
This loan transaction was facilitated by Chrystal Kornegay, who represents MassHousing. Dakota Partners, Inc., with Roberto Arista as their representative, is the owner and landlord of the multifamily property. The deal closed on 03/21/2022.
Players
Wareham MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Massachusetts multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93