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26 Catharine Street, Worces...

Updated Mar 11, 2025

RD Advisors Refinances Multifamily Property In Worcester, MA For $350K
FINANCEDMultiFamily

RD Advisors Refinances Multifamily Property In Worcester, MA For $350K

26 Catharine Street, Worcester, MA 01605, USA

$350,000

$58/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

Jun 14, 2020

About this deal

AI

A multifamily property located at 26 Catharine Street in Worcester, MA recently underwent a refinancing transaction. The loan, provided by RD Advisors and facilitated by Sean Kelly-Rand, amounted to $350,000. This loan refinance was completed on June 14, 2021. The property is a non-owner occupied residential and commercial asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $350,000
  • Lender: RD Advisors
  • Lender's Representative: Sean Kelly-Rand
  • Date: June 14, 2021
  • Address: 26 Catharine Street, Worcester, MA
  • Market: Worcester, MA

RD Advisors, represented by Sean Kelly-Rand, facilitated the loan refinance for this multifamily property. RD Advisors is currently accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts. It is worth noting that deals can be submitted to RD Advisors through their Instagram page, with a quick and simple process that takes less than 5 minutes.

Players

Sean Kelly-Rand

RD Advisors

Lender

$114.3M

vol

86 deals

Lender
RD Advisors
RD AdvisorsLender

Worcester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $58 per square foot on a published $350K for 6,000 square feet (2020).

Visit Sean Kelly-Rand to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

45.32%

Cash-on-Cash

-12.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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