MassHousing Provides $8.5M Loan For Just A Start Multifamily In Cambridge, MA
366 Rindge Avenue, Cambridge, Massachusetts 02140, United States
$8,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 2, 2022
AI
The multifamily property located at 366 Rindge Ave, Cambridge, MA has recently undergone a loan transaction. The loan, facilitated by masshousing''>MassHousing, was provided to Just A Start, the landlord of the property. The loan amount for this transaction was $8,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Lender: MassHousing
- Landlord: Just A Start
This loan transaction demonstrates the financial support provided by MassHousing to Just A Start for the multifamily property at 366 Rindge Ave, Cambridge, MA.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93