104 Revere Street LLC Secures $19.975M Construction Loan For Multifamily Development In Canton, MA
104 Revere Street, Canton, MA, USA
$19,975,000
$12,047/SF
Building Size
1,658 SF
Asset Type
MultiFamily
Closing
Nov 17, 2020
AI
The property involved in this transaction is a multifamily development located at 104 Revere Street in Canton, MA. The transaction took place on November 18, 2020. The asset consists of 60 units.
Summary of transaction details
- Property Type: Multifamily Development
- Transaction Amount: $19,975,000
- Date: 11/18/2020
- Address: 104 Revere Street, Canton, MA
- Market: Canton, MA
- Borrower: 104 Revere Street LLC
- Lender: HarborOne Bank & Bristol County Savings Bank
- Brokers: Casimir Groblewski & Lindsay Feig - Fantini & Gorga
- Loan Type: Construction Loan
The loan for this transaction was provided by HarborOne Bank and Bristol County Savings Bank. The brokers involved in the deal were Casimir Groblewski and Lindsay Feig from Fantini & Gorga.
Players
Canton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93