Updated Mar 11, 2025
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
About this deal
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.
The multifamily loan at 1558 Massachusetts Avenue, Cambridge, MA, USA in Cambridge, Massachusetts financed for $5.3M in 2020. Reported inventory is 36,315 square feet across 31 units, or about 145 per square foot. Tim O'Donnell, Fantini & Gorga appear on the loan alongside Fantini & Gorga. This page is the Cambridge, Massachusetts file for the 1558 Massachusetts Avenue, Cambridge, MA, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else financed near 1558 Massachusetts Avenue, Cambridge, MA, USA around 2020. Published consideration for 1558 Massachusetts Avenue, Cambridge, MA, USA is $5.3M, dated 2020. Cite this Eastern Mortgage Capital Provides $5.26M Loan For Multifamily Property In Cambridge, MA loan when underwriting similar multifamily product around Cambridge, Massachusetts.
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Cambridge MultiFamily Market Snapshot
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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