Updated Oct 28, 2024
Rockland Trust Provides $13.3M Loan For Multifamily Property Acquisition In Worcester, MA
13 Sudbury St, Worcester, Massachusetts 01609, United States
$13,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
A multifamily property located at 13 & 17 Sudbury St in Worcester, MA has recently undergone a closed transaction. The property, owned by 13 Sudbury Realty LLC & Herman St - Anthony Rossi, has attracted attention in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,300,000
- Address: 13 & 17 Sudbury St, Worcester, MA
- Market: Worcester, MA
The loan for this transaction was provided by Rockland Trust, with Steven Provanzano as the representative. The loan amount was $13,300,000.
Anthony Rossi, representing 13 Sudbury Realty LLC & Herman St, played a crucial role in the deal as the landlord's representative.
Players
Worcester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93