facebook
Traded Co logo
Submit

Doug Landry - FinanceBoston Provides $5M Mezzanine Loan For Development Site In Charlestown, MA

Property Image
FINANCED
$5,000,000

Massachusetts

See Similar Deals
MultiFamily
Financed 02/21/2023
the dealplayerscompscontact
Property Image
FINANCED

Doug Landry - FinanceBoston Provides $5M Mezzanine Loan For Development Site In Charlestown, MA

24 Spice Street

See Similar Deals
MultiFamily
Financed 02/21/2023
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

A mezzanine loan in the amount of $5,000,000 has been secured for the development site located at 24 Spice Street in Charlestown, MA. The loan is being provided by Doug Landry of FinanceBoston.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $5,000,000

Doug Landry of FinanceBoston is the lender for this mezzanine loan, supporting the development of the site at 24 Spice Street in Charlestown, MA. The borrower in this transaction is RISE.

Players

N
NA
LENDER
R
RISE
LANDLORD

Details

FINANCED
IMAGE: Doug Landry DATE: 02/21/2023 ADDRESS: 24 Spice Street MARKET: Charlestown, MA ASSET TYPE: Development Site LANDLORD: RISE LENDER: Doug Landry - FinanceBoston (@FinanceBoston) LOAN AMOUNT: $5,000,000 LOAN TYPE: Mezzanine

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,000,000.00

Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00