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Hingham Institution For Savings Provides $3.66M Loan For Acquisition Of 101-107 School Street In Jamaica Plain
FINANCED
$3,659,500
Massachusetts
See Similar DealsMultiFamily36,000 SF
Financed 03/27/2025
FINANCED
Hingham Institution For Savings Provides $3.66M Loan For Acquisition Of 101-107 School Street In Jamaica Plain
101 School Street & 107 School Street
See Similar DealsMultiFamily36,000 SF
Financed 03/27/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$101
Total Square Footage:36,000 SF
Transaction Type:Loan
A multi-family property located at 101-107 School Street in Jamaica Plain, MA, encompassing a total square footage of 18,000. The asset was financed for an acquisition amount of $3,659,500.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,659,500
- Lender: Hingham Institution for Savings
- Loan Type: Acquisition
- Loan Date: 03/27/2025
- Market: Jamaica Plain, MA
The financing for this property acquisition was facilitated by Hingham Institution for Savings, which provided the loan required for the purchase transaction, furthering their involvement in the real estate market within Jamaica Plain.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,659,500.00
Monthly NOI$24,396.67
Monthly Debt Service$23,130.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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