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Colliers International Secures $42M Loan For Plymouth Multifamily With Landlord A.D. Makepeace Company & Campanelli, Inc

Property Image
FINANCED
$42,000,000
Kevin Phelan
Sean Burke
Bryan Koop
+ 1

Massachusetts

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MultiFamily
Financed 03/17/2021
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Property Image
FINANCED

Colliers International Secures $42M Loan For Plymouth Multifamily With Landlord A.D. Makepeace Company & Campanelli, Inc

210 Wareham Rd, Plymouth, Massachusetts, USA

See Similar Deals
MultiFamily
Financed 03/17/2021
Kevin Phelan
Sean Burke
Bryan Koop
+ 1
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

A multifamily property located at 210 Wareham Rd in Plymouth, MA was involved in a closed transaction on 03/17/2021. The property, owned by A.D. Makepeace Company & Campanelli, Inc., consists of 184 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $42,000,000
  • Address: 210 Wareham Rd
  • Market: Plymouth, MA

The deal was facilitated by Colliers International brokers Jeff Black, Kevin Phelan, Sean Burke, and Bryan Koop. They represented the parties involved in the transaction, including the landlord, A.D. Makepeace Company & Campanelli, Inc.

Players

Bryan Koop
Colliers
Bryan Koop
9 deals$697.3M volume
BROKER
Sean Burke
Colliers
Sean Burke
9 deals$701.9M volume
BROKER
Kevin Phelan
Colliers
Kevin Phelan
7 deals$448.5M volume
BROKER
Jeffrey Black
Colliers
Jeffrey Black
9 deals$740.9M volume(617) 512-5440
BROKER

Details

FINANCED
IMAGE: Bryan Koop, Sean Burke, Jeff Black & Kevin Phelan DATE: 03/17/2021 ADDRESS: 210 Wareham Rd MARKET: Plymouth, MA ASSET TYPE: Multifamily LANDLORD: A.D. Makepeace Company & Campanelli, Inc. BROKERS: Jeff Black, Kevin Phelan, Sean Burke, & Bryan Koop - Colliers International LOAN AMOUNT: $42,000,000 UNITS: 184

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,000,000.00

Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00