Liya Rong Acquires Multifamily Property In Beacon Hill, MA With $10M Bridge Loan From Stormfield Capital
FINANCED
$10,000,000
Massachusetts
See Similar DealsMultiFamily12,332 SF
Financed 10/27/2021
FINANCED
Liya Rong Acquires Multifamily Property In Beacon Hill, MA With $10M Bridge Loan From Stormfield Capital
12 Hancock Street, Beacon Hill, Boston, Massachusetts, USA
See Similar DealsMultiFamily12,332 SF
Financed 10/27/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$810
Total Square Footage:12,332 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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