Marcus & Millichap Capital Corp. Arranges $5M Loan For Revere Multifamily Property
FINANCED
$5,000,000
Massachusetts
See Similar DealsMultiFamily650 SF
Financed 08/18/2021
FINANCED
Marcus & Millichap Capital Corp. Arranges $5M Loan For Revere Multifamily Property
30 Park Ave, Revere, MA, USA
See Similar DealsMultiFamily650 SF
Financed 08/18/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$7,692
Total Square Footage:650 SF
Transaction Type:Loan
The multifamily property located at 30 Park Ave in Revere, MA has recently undergone a closed transaction. The property consists of 30 units and is situated in a thriving market. The transaction was facilitated by Robert Damigella of Marcus & Millichap Capital Corp. (MMCC).
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Loan Terms: 20-year term, fixed interest rate on a 30-year amortization schedule
Robert Damigella, representing Marcus & Millichap Capital Corp. (MMCC), played a key role in securing a loan of $5,000,000 for the transaction. The loan terms include a 20-year term with a fixed interest rate on a 30-year amortization schedule.
Players
Details
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
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
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
Is there something missing? Send suggestions