Liya Rong Acquires Multifamily Property In Beacon Hill, MA With $10M Bridge Loan From Stormfield Capital
12 Hancock Street, Beacon Hill, Boston, Massachusetts, USA
$10,000,000
$810/SF
Building Size
12,332 SF
Asset Type
MultiFamily
Closing
Oct 27, 2021
AI
Located in Beacon Hill, MA, this closed transaction involved a multifamily property consisting of 16 units. The property, located at 12 Hancock St. and 64 Revere St., spans a total of 12,332 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Market: Beacon Hill, MA
- Loan Type: Bridge
The loan for this transaction was provided by Stormfield Capital, represented by Wes Carpenter and Daniel Heetmann. The landlord for the property is Liya Rong. The deal was facilitated by Chris Sava from Hub Financing LLC.
It is worth noting that no additional information was provided regarding the financing terms, landlord's role, or the brokers' agencies involved in the deal.
Players
Boston 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93