Updated Oct 28, 2024
Providence Realty Investment, LLC Refinances Sturbridge Multifamily Property For $13.9M With MassHousing And Rockport Mortgage
40 Heritage Green Drive, Sturbridge, Massachusetts 01518, United States
$13,900,000
Units
130
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
Providence Realty Investment, LLC has refinanced a multifamily property located at 40 Heritage Green Dr in Sturbridge, MA. The property consists of 130 units and the transaction was completed on May 16, 2022.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $13,900,000
- Address: 40 Heritage Green Dr, Sturbridge, MA
- Market: Sturbridge, MA
- Units: 130
The loan for this transaction was provided by masshousing''>MassHousing, represented by Chrystal Kornegay, and Rockport Mortgage, represented by Dan Lyons. Raymond Uritescu of Providence Realty Investment, LLC acted as the landlord.
No additional information was provided regarding the loan type or any other key individuals or companies involved in the deal.
Players
Fiskdale 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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93