Updated Mar 11, 2025
RD Advisors Provides $206K Construction Loan For 2-Unit Fall River Multifamily
175-179 E Main St, Fall River, MA, USA
$206,000
$56/SF
Building Size
3,648 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
Located at 175-179 East Main St. in Fall River, MA, this multifamily property consists of two units with a total square footage of 3,648. The property was recently involved in a closed transaction, with a loan provided by RD Advisors for a construction project.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $206,000
- Loan Type: Construction
RD Advisors, represented by Sean Kelly-Rand, served as the lender for this deal. They offer loan services for non-owner-occupied residential and commercial properties in Massachusetts. If you have a similar deal, you can submit a loan request through their Instagram page in under 5 minutes.
Players
Fall River 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
77.00%
Cash-on-Cash
-22.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93