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GenWealth Capital Commercial Provides $960K Bridge Loan For 14 Everton St Multifamily In Dorchester, MA

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FINANCED
$960,000

Massachusetts

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MultiFamily3,900 SF
Financed 04/19/2021
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Property Image
FINANCED

GenWealth Capital Commercial Provides $960K Bridge Loan For 14 Everton St Multifamily In Dorchester, MA

14 Everton Street, Dorchester, MA, USA

See Similar Deals
MultiFamily3,900 SF
Financed 04/19/2021
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:3,900 SF
Transaction Type:Loan

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

GenWealth Capital Commercial
GenWealth Capital Commercial
LENDER

Details

FINANCED
IMAGE: 04/19/2021 ADDRESS: 14 Everton St MARKET: Dorchester, MA ASSET TYPE: Multifamily LENDER: GenWealth Capital Commercial (@GenWealth_CapCo) LOAN AMOUNT: $960,000 LOAN TYPE: Bridge Loan LOAN TERMS: Borrower was approved for 80% LTV; 12-Month Term NOTE: The client was approved for 80% LTV for the purchase or property address 14 Everton St., Dorchester, MA 02121. The term is for 12-months without a prepayment penalty.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$960,000.00

Monthly NOI$6,400.00
Monthly Debt Service$6,067.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00