Updated Oct 28, 2024
Island Housing Trust Secures $1.1M Loan For 7-Unit Multifamily Property In Vineyard Haven, MA
20 Edgartown Road, Vineyard Haven, Massachusetts, USA
$1,100,000
$0/SF
Building Size
18,456,372 SF
Asset Type
MultiFamily
Closing
Mar 3, 2021
About this deal
AI
The multifamily property located at 20 Edgartown Road in Vineyard Haven, MA has been involved in a recent loan transaction. The property is owned by Island Housing Trust and the loan was provided by masshousing''>MassHousing. The loan amount for this transaction was $1,100,000. The property consists of 7 units.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 20 Edgartown Road, Vineyard Haven, MA
- Market: Vineyard Haven, MA
- Landlord: Island Housing Trust
- Lender: MassHousing
- Units: 7
In this transaction, Island Housing Trust acted as the landlord, while MassHousing provided the loan as the lender. These key individuals and organizations played a crucial role in the deal.
Players
Vineyard Haven 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93