facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Loan

/

164 Bittersweet Lane, Rando...

Preservation Of Affordable Housing Acquires Multifamily Property In Randolph, MA
FINANCEDMultiFamily

Preservation Of Affordable Housing Acquires Multifamily Property In Randolph, MA

164 Bittersweet Lane, Randolph, Massachusetts 02368, United States

$15,200,000

Building Size

Asset Type

MultiFamily

Closing

May 16, 2022

AI

Located at 164 Bittersweet Ln in Randolph, MA, this multifamily property consists of 104 units. The property was involved in a recent closed transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,200,000
  • Market: Randolph, MA
  • Lender: masshousing''>MassHousing - Chrystal Kornegay & Rockport Mortgage - Dan Lyons
  • Landlord: Preservation of Affordable Housing - Aaron Gornstein

In this transaction, the loan amount was $15,200,000. MassHousing, represented by Chrystal Kornegay, and Rockport Mortgage, represented by Dan Lyons, provided the loan for the property. The landlord of the property is Preservation of Affordable Housing, with Aaron Gornstein representing them.

Players

Rockport Mortgage Corporation
Rockport Mortgage CorporationLender

Aaron Gornstein

Preservation of Affordable Housing

Landlord

$84.7M

vol

3 deals

Landlord

Randolph MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93