Updated Sep 9, 2024
Robert Bhat Arranges $11.3M Loan For Worcester Multifamily Property
34 Goldthwaite Road, Worcester, Massachusetts 01605, United States
$11,250,100
Units
92
Asset Type
MultiFamily
Closing
Dec 12, 2022
About this deal
AI
The multifamily property located at 34-80 Goldthwaite Road in Worcester, MA has recently been involved in a loan transaction. The property consists of 92 units and is situated in a desirable market in Worcester, MA.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,250,100
- Loan Date: 12/12/2022
- Loan Broker: Robert Bhat - Marcus & Millichap
Robert Bhat from Marcus & Millichap represented the parties involved in this loan transaction. The loan amount for this deal was $11,250,100.
The multifamily loan at 34 Goldthwaite Road, Worcester, Massachusetts 01605, United States in Worcester, Massachusetts financed for $11.3M in 2022. Reported inventory is 92 units across 92 units. Robert Bhat, Marcus & Millichap appear on the loan alongside Marcus & Millichap. This page is the Worcester, Massachusetts file for the 34 Goldthwaite Road, Worcester, Massachusetts 01605, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Worcester sit in the Market section below. Filter that Worcester multifamily set by closing date to see what else financed near 34 Goldthwaite Road, Worcester, Massachusetts 01605, United States around 2022. Published consideration for 34 Goldthwaite Road, Worcester, Massachusetts 01605, United States is $11.3M, dated 2022. Cite this Robert Bhat Arranges $11.3M Loan For Worcester Multifamily Property loan when underwriting similar multifamily product around Worcester, Massachusetts.
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93