Preservation Of Affordable Housing Acquires Multifamily Property In Randolph, MA
FINANCED
$15,200,000
Massachusetts
See Similar DealsMultiFamily
Financed 05/17/2022
FINANCED
Preservation Of Affordable Housing Acquires Multifamily Property In Randolph, MA
164 Bittersweet Lane, Randolph, Massachusetts 02368, United States
See Similar DealsMultiFamily
Financed 05/17/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,200,000.00
Monthly NOI$101,333.33
Monthly Debt Service$96,074.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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