Updated Feb 16, 2024
Redgate Capital Partners Acquires Multifamily Property In Chelsea For $59M
150 Heard St, Chelsea, MA 02150, USA
$59,000,000
$259/SF
Building Size
227,673 SF
Asset Type
MultiFamily
Closing
May 25, 2020
About this deal
AI
Redgate Capital Partners LLC, in partnership with Kyle Warwick, Damian Szary, and TransDel Corp., has closed a loan transaction for a multifamily property located at 150 Heard Street in Chelsea. The property, situated in the Chelsea market, secured a loan from Arbor Realty Trust in the amount of $59,000,000.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $59,000,000
- Address: 150 Heard Street
- Market: Chelsea
Colliers International Capital represented the parties involved in this loan deal. The lending was facilitated by Arbor Realty Trust. The collaboration between Redgate Capital Partners LLC, Kyle Warwick, Damian Szary, and TransDel Corp. ensured the successful closing of this transaction.
Players
Chelsea 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93