CBRE Investment Management Provides $49.7M Mortgage Loan For Ashland Multifamily Property
FINANCED
$49,700,000
+ 1
Massachusetts
See Similar DealsMultiFamily177,075 SF
Financed 12/10/2021
FINANCED
CBRE Investment Management Provides $49.7M Mortgage Loan For Ashland Multifamily Property
13 Joanne Drive, Ashland, Massachusetts 01721, United States
See Similar DealsMultiFamily177,075 SF
Financed 12/10/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$280
Total Square Footage:177,075 SF
Transaction Type:Loan
A multifamily property located at 13 Joanne Dr in Ashland, MA was involved in a recent transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $49,700,000
- Address: 13 Joanne Dr, Ashland, MA
- Market: Ashland, MA
The lender for this transaction was CBRE Investment Management, providing a mortgage loan in the amount of $49,700,000 on a floating rate basis. The landlord in this deal was Taurus Investment Holdings, represented by Nick Clark. The brokers involved in the transaction were Jamie Leachman, Jackie Meagher, and Sean O’Brien from JLL Capital Markets.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$49,700,000.00
Monthly NOI$331,333.33
Monthly Debt Service$314,137.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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