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114 Whitwell Street, Quincy...

FoxRock Properties Secures $128.7M Construction Financing For Multifamily Property In Quincy, MA
FINANCEDMultiFamily

FoxRock Properties Secures $128.7M Construction Financing For Multifamily Property In Quincy, MA

114 Whitwell Street, Quincy, Massachusetts 02169, United States

$128,700,000

$933/SF

Building Size

137,904 SF

Asset Type

MultiFamily

Closing

Apr 3, 2022

AI

Located at 114 Whitwell St in Quincy, MA, this multifamily property has recently undergone a significant transaction. The property consists of 465 units and is owned by FoxRock Properties.

Summary of transaction details

The loan for this transaction was provided by Citizens Bank. The construction financing amount was $128,700,000. Jeff Black, Bryan Koop, and Sean Burke from Colliers represented the landlord, FoxRock Properties, in this deal.

Players

Bryan Koop

Colliers

Broker

$697.3M

vol

9 deals

Broker
Citizens
CitizensLender
FoxRock Properties
FoxRock PropertiesLandlord

Quincy 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

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93