Updated Oct 28, 2024
Codman Orlando Waldeck LLC Receives $13.3M Loan From MassDevelopment For Dorchester Multifamily
173 Columbia Road, Dorchester, Massachusetts 02121, United States
$13,282,012
$878/SF
Building Size
15,120 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
A multifamily property located at 173 Columbia Road in Dorchester, MA recently underwent a closed transaction. The property, owned by Codman Orlando Waldeck LLC, has been subject to a loan facilitated by massdevelopment''>MassDevelopment. The loan amount for this transaction was $13,282,012.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,282,012
- Address: 173 Columbia Road
- Market: Dorchester, MA
- Lender: MassDevelopment - Mike Kennealy & Dan Rivera
- Landlord: Codman Orlando Waldeck LLC
In this closed transaction, the key individuals involved were Mike Kennealy and Dan Rivera from MassDevelopment who served as lenders for the loan. They played a crucial role in facilitating the financial aspect of the deal.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Codman Orlando Waldeck to view all their deals.
Browse Boston multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93