Updated Mar 11, 2025
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
Worcester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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