Updated Mar 11, 2025
RD Advisors Provides Rehabilitation Loan For Multifamily Property In New Bedford, MA
155 Purchase Street, New Bedford, Massachusetts 02740, United States
$630,000
$364/SF
Building Size
1,728 SF
Asset Type
MultiFamily
Closing
Feb 9, 2022
About this deal
AI
A multifamily property located at 155 Purchase St in New Bedford, MA has been involved in a recent transaction. The property spans approximately 1,728 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $630,000
- Address: 155 Purchase St, New Bedford, MA
- Market: New Bedford, MA
The lender for this transaction was RD Advisors, with Sean Kelly-Rand serving as their representative. The loan amount provided was $630,000, and it was classified as a rehabilitation loan.
RD Advisors is currently accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts. Deal submissions can be made through their website at www.rd.loans.
Players
New Bedford 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
25.18%
Cash-on-Cash
-7.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93