Eastern Mortgage Capital Provides $5.26M Loan For Multifamily Property In Cambridge, MA
1558 Massachusetts Avenue, Cambridge, MA, USA
$5,264,000
$145/SF
Building Size
36,315 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
AI
Located at 1558 Massachusetts Avenue in Cambridge, MA, this multifamily property has recently undergone a closed transaction. The property consists of 31 units, offering a promising investment opportunity in the Cambridge market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,264,000
- Loan Term: 35-year fixed-rate
Earning praise for their expertise in brokering this deal, Tim O'Donnell from Fantini & Gorga successfully represented the buyer in securing a loan from Eastern Mortgage Capital for the transaction.
Players
Cambridge 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
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93