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
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