Updated Mar 11, 2025
Wollaston Lutheran Housing Corp Secures $28.9M Loan For Quincy Multifamily Property
45 Brackett St, Quincy, MA 02169, USA
$28,900,000
$233/SF
Building Size
123,968 SF
Asset Type
MultiFamily
Closing
Oct 4, 2020
About this deal
AI
Wollaston Lutheran Housing Corp has secured a loan of $28,900,000 from masshousing''>MassHousing for the acquisition of a multifamily property located at 45 Brackett Street in Quincy, MA. The property consists of 151 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,900,000
- Address: 45 Brackett Street
- Market: Quincy, MA
- Borrower: Wollaston Lutheran Housing Corp
- Lender: MassHousing
- Units: 151
This loan transaction was facilitated by Wollaston Lutheran Housing Corp's representative, Chrystal Kornegay. The loan provided by MassHousing will support the acquisition of the multifamily property at 45 Brackett Street, further enhancing the housing options in Quincy, MA.
Players
Quincy 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93