Updated Oct 28, 2024
Providence Realty Investment Refinances East Falmouth Multifamily Property For $4.4M
364 East Falmouth Highway, East Falmouth, Massachusetts 02536, United States
$4,400,000
$135/SF
Building Size
32,391 SF
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
The multifamily property located at 364 E Falmouth Hwy in East Falmouth, MA was recently involved in a refinance transaction. The property consists of 33 units and is owned by Providence Realty Investment, LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Loan Type: Refinance
The loan for this transaction was provided by masshousing''>MassHousing, represented by Chrystal Kornegay, and Rockport Mortgage, represented by Dan Lyons.
Raymond Uritescu from Providence Realty Investment, LLC acted as the landlord in this transaction.
On the Map
$4,400,000
$135/SF
MultiFamily
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Players
East Falmouth 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93