Fantini & Gorga Represents $2.5M Loan For 11-Unit Multifamily Property In Cambridge, MA
FINANCED
$2,500,000
Massachusetts
See Similar DealsMultiFamily4,260 SF
Financed 01/20/2021
FINANCED
Fantini & Gorga Represents $2.5M Loan For 11-Unit Multifamily Property In Cambridge, MA
122 Berkshire Street, Cambridge, MA, USA
See Similar DealsMultiFamily4,260 SF
Financed 01/20/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$586
Total Square Footage:4,260 SF
Transaction Type:Loan
A multifamily property located at 122 Berkshire Street in Cambridge, MA has been involved in a closed transaction. The property consists of 11 units and spans approximately 4,260 square feet. The deal was facilitated by brokers Derek Coulombe and Lindsay Feig from Fantini & Gorga. The transaction took place on January 20, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 122 Berkshire Street, Cambridge, MA
- Market: Cambridge, MA
- Units: 11
- Square Feet: 4,260
Derek Coulombe and Lindsay Feig, representing Fantini & Gorga, played a pivotal role in facilitating the deal for this multifamily property in Cambridge, MA.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,500,000.00
Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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