Trinity Financial Secures $40.7M Loan For Boston Multifamily Property With Citizens
FINANCED
$40,700,000
Massachusetts
See Similar DealsMultiFamily
Financed 08/31/2021
FINANCED
Trinity Financial Secures $40.7M Loan For Boston Multifamily Property With Citizens
38 Vallar Road, East Boston, Boston, MA 02128, USA
See Similar DealsMultiFamily
Financed 08/31/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,700,000.00
Monthly NOI$271,333.33
Monthly Debt Service$257,251.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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