GenWealth Capital Commercial Provides $960K Bridge Loan For 14 Everton St Multifamily In Dorchester, MA
14 Everton Street, Dorchester, MA, USA
$960,000
$246/SF
Building Size
3,900 SF
Asset Type
MultiFamily
Closing
Apr 18, 2021
AI
The multifamily property located at 14 Everton St, Dorchester, MA 02121 was involved in a recent transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $960,000
- Market: Dorchester, MA
The borrower, represented by GenWealth Capital Commercial, secured a bridge loan for the property. The approved loan amount was $960,000, which accounts for 80% loan-to-value (LTV). The loan has a 12-month term and does not include a prepayment penalty.
Players
Boston 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
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93