Updated Mar 11, 2025
Cornerstone Realty Capital Provides $9M Refinance Loan For Multifamily Property On 1 Newcomb St, Boston
1 Newcomb Street, Boston, Massachusetts 02118, United States
$9,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
A multifamily property located at 1 Newcomb St in Boston, MA has recently undergone a refinancing transaction. The loan for this property was provided by Cornerstone Realty Capital and amounted to $9,000,000. The loan terms include a fixed rate with a 30-year amortization schedule.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Lender: Cornerstone Realty Capital
- Loan Type: Refinance
- Loan Terms: Fixed rate with a 30-year amortization schedule
Note: No additional information is available regarding the multifamily property at 1 Newcomb St in Boston, MA.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93