Updated Oct 28, 2024
Providence Realty Investment Refinances Multifamily Property In Maynard, MA For $10.7M
400 Dawn Rd, Maynard, Massachusetts 01754, United States
$10,700,000
Units
50
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
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.
On the Map
$10,700,000
MultiFamily
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Maynard 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93