Marcus & Millichap Capital Corp. Arranges $5M Loan For Revere Multifamily Property
30 Park Ave, Revere, MA, USA
$5,000,000
$7,692/SF
Building Size
650 SF
Asset Type
MultiFamily
Closing
Aug 17, 2021
AI
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.
Revere MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93