Updated Oct 9, 2026
Anto Sianturi Secures $1M Loan From Alex Sigman & Sean Kelly-Rand For Multifamily Expansion In Malden
13 15 Albion Street
$1,000,000
$212/SF
Building Size
4,715 SF
Asset Type
MultiFamily
Closing
Apr 30, 2025
About this deal
AI
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.
On the Map
$1,000,000
$212/SF
MultiFamily
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Malden MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93