Updated Oct 29, 2024
Dolben Company Secures $37M Loan For Multifamily Property In Randolph, MA With KeyBank
33 Highland Glen Drive, Randolph, MA, USA
$37,000,000
$162/SF
Building Size
227,510 SF
Asset Type
MultiFamily
Closing
Jan 31, 2021
About this deal
AI
The multifamily property located at 33 Highland Glen Drive in Randolph, MA has been involved in a recent closed transaction. The property, owned by the Dolben Company, consists of 310 units. The transaction took place on February 1, 2021, and the lender involved in the deal was KeyBank.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $37,000,000
- Address: 33 Highland Glen Drive, Randolph, MA
- Market: Randolph, MA
- Units: 310
Dolben Company, the landlord of the property, worked with KeyBank as the lender for this transaction. The loan amount for the deal was $37,000,000, and it had a term of 12 years.
Players
Randolph MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Massachusetts multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93