Updated Mar 11, 2025
RD Advisors Provides $1.19M Rehabilitation Loan For Multifamily Property In Malden, MA
19 Sprague Street, Malden, Massachusetts 02148, United States
$1,190,000
$315/SF
Building Size
3,768 SF
Asset Type
MultiFamily
Closing
Mar 1, 2022
About this deal
AI
Located at 19 Sprague St in Malden, MA, this multifamily property spans across 3,768 square feet. The transaction involving this property took place on 03/02/2022. The loan for this property was provided by RD Advisors, with Sean Kelly-Rand representing the company. The loan amount for the rehabilitation of this property was $1,190,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,190,000
RD Advisors, led by Sean Kelly-Rand, facilitated the loan for the rehabilitation of this non-owner occupied residential property. If you have a similar loan request for a residential or commercial property in Massachusetts, you can submit your deal through RD Advisors' website at www.rd.loans.
Players
Malden 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
13.33%
Cash-on-Cash
-3.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93