Updated Oct 28, 2024
Trinity Financial Secures $40.7M Loan For Boston Multifamily Property With Citizens
38 Vallar Road, East Boston, Boston, MA 02128, USA
$40,700,000
Units
123
Asset Type
MultiFamily
Closing
Aug 31, 2021
About this deal
AI
The multifamily property located at 38 Vallar Rd in Boston, MA has recently undergone a loan transaction. The property consists of 123 units and is owned by Trinity Financial, represented by Adam Ameden. The loan was provided by citizens''>Citizens, with Jerry Sargent as the lender's representative. The loan amount for this transaction is $40,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,700,000
- Address: 38 Vallar Rd, Boston, MA
- Market: Boston, MA
- Units: 123
The key individuals and companies involved in this deal include Adam Ameden from Trinity Financial as the landlord and Jerry Sargent representing Citizens as the lender. This loan transaction signifies a significant financial commitment towards the multifamily property at 38 Vallar Rd.
Players
Boston 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93