Updated Mar 11, 2025
RD Advisors Provides $2.67M Rehabilitation Loan For Somerville Multifamily Property
23-25 Day St, Somerville, MA 02144
$2,670,000
$573/SF
Building Size
4,655 SF
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
The property located at 23-25 Day Street in Somerville, MA, has undergone a closed transaction involving a multifamily asset. The property consists of 4,655 square feet and comprises two units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,670,000
- Units: 2
In this transaction, the loan was provided by RD Advisors, with Sean Kelly-Rand acting as the lender's representative. The loan amount for this rehabilitation project amounted to $2,670,000. Irene Kouracles is the landlord associated with the property.
RD Advisors, the lending agency, is currently accepting loan requests for non-owner-occupied residential and commercial properties in Massachusetts. They offer a streamlined process, allowing deals to be submitted in under 5 minutes through their website at www.rd.loans.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Boston multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.94%
Cash-on-Cash
-1.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93