Updated Mar 11, 2025
RD Advisors Loaned $600K For Acquisition Of Multifamily Property On Gardner Street In Boston, MA
16-22 Gardner Street, Boston, Massachusetts, USA
$600,000
$334/SF
Building Size
1,792 SF
Asset Type
MultiFamily
Closing
May 28, 2020
About this deal
AI
A multifamily property located at 16-22 Gardner Street in Boston, MA was involved in a recent transaction. The property consists of multiple residential units and is located in the Boston market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $600,000
- Lender: Sean Kelly-Rand - RD Advisors
- Loan Type: Acquisition
Sean Kelly-Rand from RD Advisors acted as the lender in this transaction. The loan amount for the acquisition was $600,000.
The multifamily loan at 16-22 Gardner Street, Boston, Massachusetts, USA in Boston, Massachusetts financed for $600K in 2020. The building is 1,792 square feet, implying about 334 per square foot on the published price. Named participants on the 16-22 Gardner Street, Boston, Massachusetts, USA loan are Sean Kelly-Rand. This page is the Boston, Massachusetts file for the 16-22 Gardner Street, Boston, Massachusetts, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else financed near 16-22 Gardner Street, Boston, Massachusetts, USA around 2020. Published consideration for 16-22 Gardner Street, Boston, Massachusetts, USA is $600K, dated 2020. Cite this RD Advisors Loaned $600K For Acquisition Of Multifamily Property On Gardner Street In Boston, MA loan when underwriting similar multifamily product around Boston, Massachusetts.
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
26.44%
Cash-on-Cash
-7.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93