Providence Realty Investment Refinances East Falmouth Multifamily Property For $4.4M
FINANCED
$4,400,000
Massachusetts
See Similar DealsMultiFamily32,391 SF
Financed 05/16/2022
FINANCED
Providence Realty Investment Refinances East Falmouth Multifamily Property For $4.4M
364 East Falmouth Highway, East Falmouth, Massachusetts 02536, United States
See Similar DealsMultiFamily32,391 SF
Financed 05/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$135
Total Square Footage:32,391 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,400,000.00
Monthly NOI$29,333.33
Monthly Debt Service$27,810.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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