Updated Mar 11, 2025
BT Holland Real Estate Secures $17.5M Loan For Multifamily Properties In Dorchester, Mattapan, And Boston, MA
28 Dyer Street, Dorchester Center, MA, USA
$17,500,000
$3,102/SF
Building Size
5,640 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
About this deal
AI
The multifamily property located at 28 Dyer Street, 30, 31, & 35 Browning Avenue, 38 Stanton Street, 54 Fuller Street, 5, 14 Orlando Street, 14-16-18 Msgr Patrick J Lydon Way, 140 Wellington Hill, & 17 Greenwich Park in Dorchester, Mattapan, and Boston, MA was part of a recent closed transaction. The property is owned by BT Holland Real Estate and the lender for the transaction was berkadia''>berkadia'>Berkadia. The deal was facilitated by brokers Mitch Sinberg and Matt Robbins from Berkadia.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
The 12-year, fixed-rate loan for the property has a 75 percent loan-to-value (LTV) ratio.
Players
Dorchester Center 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93