Updated Mar 11, 2025
RD Advisors Provides $4.6M Acquisition Loan For Orleans, MA Multifamily Property
24 Canal Road, Orleans, Massachusetts 02653, United States
$4,625,000
$62/SF
Building Size
74,149 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
The multifamily property located at 24 Canal Rd in Orleans, MA has been involved in a closed transaction. The property spans approximately 74,149 square feet, making it a sizeable asset in the market. The transaction took place on June 30, 2022, and an image of the property is available on Sean Kelly-Rand's Instagram account.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 06/30/2022
- Address: 24 Canal Rd, Orleans, MA
- Market: Orleans, MA
- Square Footage: 74,149
In this transaction, RD Advisors, represented by Sean Kelly-Rand, provided a loan of $4,625,000 for the acquisition of the property. This loan is a testament to RD Advisors' expertise in financing non-owner occupied residential and commercial properties in Massachusetts. For those looking for similar loan opportunities, RD Advisors encourages submissions through their website at www.rd.loans.
Players
Orleans MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Sean Kelly-Rand to view all their deals.
Browse Massachusetts multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93