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

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FINANCED
$2,350,000

Massachusetts

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MultiFamily8,037 SF
Financed 12/12/2024
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FINANCED

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

167 Union Street

See Similar Deals
MultiFamily8,037 SF
Financed 12/12/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:8,037 SF
Transaction Type:Loan

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

85 deals$113.2M volume
LENDER

RD Advisors
LENDER

Details

FINANCED
IMAGE: Alex Sigman & Sean Kelly-Rand DATE: 12/12/2024 ADDRESS: 167 Union Street MARKET: Rockland, MA ASSET TYPE: Mixed-use ~ SF: 12,071 ~ UNITS: 11 LENDER: Alex Sigman & Sean Kelly-Rand - RD Advisors (@RD.Advisors) LANDLORD: William Barry LOAN AMOUNT: $2,350,000 LOAN TYPE: Acquisition LOAN TERMS: Building and Land Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,350,000.00

Monthly NOI$15,666.67
Monthly Debt Service$14,853.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00