Updated May 12, 2025
Eastern Union Provides $39M Loan For Sunderland, MA Multifamily Property
248 Amherst Road, Sunderland, Massachusetts 01375, United States
$39,000,000
$260/SF
Building Size
149,975 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 248 Amherst Rd, Sunderland, MA, comprising 280 units and spanning a total of 149,975 square feet. The loan amount secured for this property is $39,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $39,000,000
- Address: 248 Amherst Rd
- Market: Sunderland, MA
- Units: 280
- Square Footage: 149,975
- Lender: Eastern Union
- Lender's Representative: Michael Muller
- Broker: Newmark
Key individuals in this transaction include Michael Muller, representing Eastern Union as the lender in the deal, and the brokerage firm Newmark, which facilitated the transaction.
Players
Sunderland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Eastern Union 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93