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.
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