Alex Sigman & Sean Kelly-Rand Provide $1.12M Refinance Loan For Haverhill Multifamily Property
FINANCED
$1,120,000
Massachusetts
See Similar DealsMultiFamily6,600 SF
Financed 11/26/2024
FINANCED
Alex Sigman & Sean Kelly-Rand Provide $1.12M Refinance Loan For Haverhill Multifamily Property
370 River Street
See Similar DealsMultiFamily6,600 SF
Financed 11/26/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$169
Total Square Footage:6,600 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 370 River Street in Haverhill, MA. It consists of 6 units and has a total square footage of 6,600. The loan amount associated with this property is $1,120,000, which is part of a refinancing effort for a current loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Address: 370 River Street
- Market: Haverhill, MA
- Asset Square Footage: 6,600
- Units: 6
- Lender: Alex Sigman & Sean Kelly-Rand - RD Advisors
- Loan Type: Refinance
- Loan Terms: Refinancing a current loan
The key individuals involved in this transaction are Alex Sigman and Sean Kelly-Rand, who represent RD Advisors as the lenders providing the refinancing arrangement for the property. Additionally, RD Advisors is currently accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts, allowing potential clients to submit deals through their website in under 5 minutes.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,120,000.00
Monthly NOI$7,466.67
Monthly Debt Service$7,079.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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