Cambridge Savings Bank Provides $84.5M Construction Financing For Winchester Multifamily Project
FINANCED
$84,500,000
Massachusetts
See Similar DealsMultiFamily
Financed 08/30/2022
FINANCED
Cambridge Savings Bank Provides $84.5M Construction Financing For Winchester Multifamily Project
19 River St, Winchester, Massachusetts 01890, United States
See Similar DealsMultiFamily
Financed 08/30/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 19-35 River Street & 416 Cambridge Street in Winchester, MA has recently undergone a closed transaction. The property consists of 242 units and is owned by Strategic Land Ventures, represented by Geoff Engler as their landlord's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $84,500,000
- Market: Winchester, MA
- Units: 242
The loan for this transaction was provided by Cambridge Savings Bank, with Kevin Teller serving as the lender's representative. The loan type for this transaction was construction financing.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$84,500,000.00
Monthly NOI$563,333.33
Monthly Debt Service$534,097.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions