Updated Oct 12, 2026
Rockland Trust Provides $7.4 Million Loan To Father Bill’s & MainSpring For Quincy Apartments
150 Quincy Street & 156 Quincy Street
$7,400,000
Units
24
Asset Type
MultiFamily
Closing
Oct 6, 2026
About this deal
AI
The asset involved in this transaction is a multi-family property located at 150-156 Quincy Street in Quincy, Massachusetts. The loan, amounting to $7,400,000, is designated for construction purposes and is intended for the development of the 24-unit Quincy Street Apartments.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,400,000
- Lender: Charles Testa - Rockland Trust
- Landlord: John Yazwinski - Father Bill’s & MainSpring
- Loan Type: Construction
The deal features Charles Testa representing Rockland Trust, which is providing the financing package for the development. John Yazwinski represents Father Bill’s & MainSpring, the landlord involved in this construction loan transaction.
On the Map
$7,400,000
MultiFamily
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Players
Quincy 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93