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Codman Orlando Waldeck LLC Receives $13.3M Loan From MassDevelopment For Dorchester Multifamily

Property Image
FINANCED
$13,282,012

Massachusetts

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MultiFamily15,120 SF
Financed 02/09/2022
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Property Image
FINANCED

Codman Orlando Waldeck LLC Receives $13.3M Loan From MassDevelopment For Dorchester Multifamily

173 Columbia Road, Dorchester, Massachusetts 02121, United States

See Similar Deals
MultiFamily15,120 SF
Financed 02/09/2022
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$878
Total Square Footage:15,120 SF
Transaction Type:Loan

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

MassDevelopment
MassDevelopment
LENDER
CW
Codman Orlando Waldeck
2 deals$20.7M volume
LANDLORD

Details

FINANCED
IMAGE: Dan Rivera & Mike Kennealy DATE: 02/09/2022 ADDRESS: 173 Columbia Road MARKET: Dorchester, MA ASSET TYPE: Multifamily LENDER: MassDevelopment - Mike Kennealy & Dan Rivera LANDLORD: Codman Orlando Waldeck LLC LOAN AMOUNT: $13,282,012

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,282,012.00

Monthly NOI$88,546.75
Monthly Debt Service$83,951.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00