facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Loan

/

13 Joanne Drive, Ashland, M...

CBRE Investment Management Provides $49.7M Mortgage Loan For Ashland Multifamily Property
FINANCEDMultiFamily

CBRE Investment Management Provides $49.7M Mortgage Loan For Ashland Multifamily Property

13 Joanne Drive, Ashland, Massachusetts 01721, United States

$49,700,000

$280/SF

Building Size

177,075 SF

Asset Type

MultiFamily

Closing

Dec 10, 2021

AI

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

Jamie Leachman

JLL

Broker

$1.2B

vol

14 deals

Broker
CBRE
CBREBrokerage
CBRE
CBRELender

Nick Clark

Taurus Investment Holdings

Landlord

$146.5M

vol

3 deals

Landlord

Ashland MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93