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394 Ocean Avenue

Sean Kelly-Rand Of RD Advisors Provides $7,000,000 Refinance Loan For Multifamily Property In Revere MA
FINANCEDMultiFamily

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

Sean Kelly-Rand

RD Advisors

Lender

$114.3M

vol

86 deals

Lender

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