Sean Kelly-Rand Of RD Advisors Provides $7,000,000 Refinance Loan For Multifamily Property In Revere MA
394 Ocean Avenue
$7,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 23, 2026
AI
The property involved in this transaction is a multifamily asset located at 394 Ocean Avenue, Revere, MA, comprising 88 units. The transaction consists of a refinance loan with an amount of $7,000,000. The asset type for this deal is classified as multifamily.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Address: 394 Ocean Avenue
- Market: Revere, MA
- Lender: Sean Kelly-Rand - RD Advisors
- Loan Type: Refinance
This refinance loan was facilitated by Sean Kelly-Rand of RD Advisors, a lender that specializes in non-owner occupied residential and commercial properties in Massachusetts. They are currently accepting loan requests and are offering both senior and mezzanine capital to support more of the financial stack within a single relationship.
Players
Revere 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93