Providence Realty Investment Refinances Multifamily Property In Maynard, MA For $10.7M
FINANCED
$10,700,000
Massachusetts
See Similar DealsMultiFamily
Financed 05/16/2022
FINANCED
Providence Realty Investment Refinances Multifamily Property In Maynard, MA For $10.7M
400 Dawn Rd, Maynard, Massachusetts 01754, United States
See Similar DealsMultiFamily
Financed 05/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 400 Dawn Rd in Maynard, MA has recently undergone a refinancing transaction. The property consists of 50 units and is owned by Providence Realty Investment, LLC, represented by Raymond Uritescu.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,700,000
- Date: 05/16/2022
- Market: Maynard, MA
The refinancing loan was provided by masshousing''>MassHousing, represented by Chrystal Kornegay, and Rockport Mortgage, represented by Dan Lyons. The loan amount of $10,700,000 allowed for the refinancing of the property.
This transaction demonstrates the collaboration between MassHousing, Rockport Mortgage, and Providence Realty Investment, LLC in securing the necessary financing for the multifamily property located at 400 Dawn Rd in Maynard, MA.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,700,000.00
Monthly NOI$71,333.33
Monthly Debt Service$67,631.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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