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167 Union Street

Alex Sigman & Sean Kelly-Rand Of RD Advisors Provide $2.35M Loan For Mixed-Use Property In Rockland MA
FINANCEDMultiFamily

Alex Sigman & Sean Kelly-Rand Of RD Advisors Provide $2.35M Loan For Mixed-Use Property In Rockland MA

167 Union Street

$2,350,000

$292/SF

Building Size

8,037 SF

Asset Type

MultiFamily

Closing

Dec 12, 2024

AI

The property involved in this transaction is a mixed-use building located at 167 Union Street in Rockland, MA. It encompasses a total square footage of 12,071 and includes 11 units. The loan amount secured for this acquisition is $2,350,000, specifically for the purposes of building and land acquisition.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,350,000
  • Loan Type: Acquisition
  • Loan Terms: Building and Land Acquisition
  • Lender: Alex Sigman & Sean Kelly-Rand - RD Advisors
  • Landlord: William Barry

The key individuals involved in the transaction include the lender representatives, Alex Sigman and Sean Kelly-Rand from RD Advisors, who were instrumental in facilitating the acquisition loan. The landlord for the property is William Barry, who holds ownership of the mixed-use asset.

Players

Sean Kelly-Rand

Lender

$114.3M

vol

86 deals

Lender
RD Advisors
RD AdvisorsLender

Rockland 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93