Updated Dec 4, 2024
Marcus & Millichap Facilitates $5.02M Loan For 26-Unit Multifamily Property In Framingham
115 Grant Street & 133 Grant Street
$5,020,000
Units
26
Asset Type
MultiFamily
Closing
Nov 10, 2023
About this deal
AI
The Grant St. Complex, a multifamily property located at 115-133 Grant Street in Framingham, MA, has recently undergone an acquisition. The property consists of 26 units and is situated between Worcester and Boston.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,020,000
- Address: 115-133 Grant Street, Framingham, MA
- Market: Framingham, MA
- Broker: Robert Bhat - Marcus & Millichap
Marcus & Millichap Capital Corporation facilitated $5.02 million in funding for the acquisition of The Grant St. Complex. This transaction marks an important step for the buyers, allowing them to expand their real estate portfolio in the thriving multifamily market of Framingham, MA.
Framingham 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
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93