Providence Realty Investment, LLC Refinances Sturbridge Multifamily Property For $13.9M With MassHousing And Rockport Mortgage
FINANCED
$13,900,000
Massachusetts
See Similar DealsMultiFamily
Financed 05/16/2022
FINANCED
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
See Similar DealsMultiFamily
Financed 05/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,900,000.00
Monthly NOI$92,666.67
Monthly Debt Service$87,857.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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