Updated Oct 28, 2024
MassHousing Refinances Dorchester Multifamily Property For $31.4M
132 Seaver Street, Boston, MA, USA
$31,400,000
$143,379/SF
Building Size
219 SF
Asset Type
MultiFamily
Closing
Sep 21, 2021
About this deal
AI
The multifamily property located at 132 Seaver St in Dorchester, MA has recently undergone a refinancing transaction. The property consists of 219 units and is owned by The Community Builders Inc. The loan was provided by masshousing''>MassHousing and Chrystal Kornegay, the Executive Director of MassHousing, represented the lender in this transaction. The loan amount for the refinancing was $31,400,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,400,000
- Address: 132 Seaver St, Dorchester, MA
- Units: 219
- Lender: MassHousing - Chrystal Kornegay
- Landlord: The Community Builders Inc.
Chrystal Kornegay, who is the Executive Director of MassHousing, played a key role as the lender's representative in this refinancing deal for the multifamily property at 132 Seaver St, Dorchester. With her expertise and involvement, this successful transaction was completed.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Massachusetts multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93