FINANCEDMultiFamily
MassHousing Provides $21.4M Loan For Multifamily Property In Boston, MA
1599 Columbus Avenue, Boston, Massachusetts 02119, United States
$21,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 26, 2022
AI
The multifamily property located at 1599 Columbus Avenue in Boston, MA has recently been involved in a loan transaction. The property consists of 65 units and is owned by an undisclosed party.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $21,400,000
- Address: 1599 Columbus Avenue, Boston, MA
- Market: Boston, MA
- Lender: masshousing''>MassHousing - Chrystal Kornegay
Chrystal Kornegay from MassHousing served as the lender in this transaction, providing a loan amount of $21,400,000.
Players
Boston 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93