Updated Mar 11, 2025
RD Advisors Provides $528k Rehabilitation Loan For Multifamily Property In Pittsfield, MA
40 Perrine Avenue, Pittsfield, Massachusetts 01201, United States
$528,000
$82/SF
Building Size
6,370 SF
Asset Type
MultiFamily
Closing
May 23, 2022
About this deal
AI
Located at 40 Perrine Avenue in Pittsfield, MA, this multifamily property spans across 6,370 square feet and consists of 12 units. The transaction took place on 05/24/2022, with a loan amount of $528,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $528,000
- Address: 40 Perrine Avenue
- Market: Pittsfield, MA
- Square Footage: 6,370
- Units: 12
The lender involved in this transaction is RD Advisors, represented by Sean Kelly-Rand. The loan provided for this property was a Rehabilitation loan.
Note: RD Advisors accepts loan requests for non-owner occupied residential and commercial properties in Massachusetts. Deal submissions can be made in under 5 minutes through their website at www.rd.loans.
Players
Pittsfield 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
30.04%
Cash-on-Cash
-8.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93