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Anto Sianturi Secures $1M Loan From Alex Sigman & Sean Kelly-Rand For Multifamily Expansion In Malden

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FINANCED
$1,000,000

Massachusetts

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MultiFamily4,715 SF
Financed 04/30/2025
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FINANCED

Anto Sianturi Secures $1M Loan From Alex Sigman & Sean Kelly-Rand For Multifamily Expansion In Malden

13 15 Albion Street

See Similar Deals
MultiFamily4,715 SF
Financed 04/30/2025
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:4,715 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 13-15 Albion Street in Malden, MA. The property encompasses 4,715 square feet and consists of 20 residential units, serving as an opportunity for further development in a desirable area.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Loan Type: Acquisition
  • Lender: Alex Sigman & Sean Kelly-Rand - RD Advisors
  • Landlord: Anto Sianturi

The transaction is positioned as a strategic initiative to enhance the development potential of the adjacent property at 105 A Salem St. By merging the two properties, the borrower aims to permit and construct an additional 15-20 residential units, leveraging the strong demand for transit-accessible housing in the locality.

Players

Sean Kelly-Rand
RD Advisors
Sean Kelly-Rand
85 deals$113.2M volume
LENDER
RD Advisors
RD Advisors
LENDER

Details

FINANCED
IMAGE: Alex Sigman & Sean Kelly-Rand DATE: 5/1/2025 ADDRESS: 13-15 Albion Street MARKET: Malden, MA ASSET TYPE: Multifamily ~ SF: 4,715 ~ UNITS: 20 LENDER: Alex Sigman & Sean Kelly-Rand - RD Advisors (@RD.Advisors) LANDLORD: Anto Sianturi LOAN AMOUNT: $1,000,000 LOAN TYPE: Acquisition NOTE FROM LENDER: The purchase of 13-15 Albion St is a strategic move to expand the development potential of the neighboring property at 105 A Salem St. By combining the two lots, the borrower plans to permit and build 15-20 new residential units, taking full advantage of the property’s location in Malden’s rapid transit zone. This area has strong demand for transit-accessible housing, making the project a solid opportunity for future rental income and property appreciation. RD Advisors is accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts! Submit a deal in under 5 minutes through our website (www.rd.loans)

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,000,000.00

Monthly NOI$6,666.67
Monthly Debt Service$6,320.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00