Updated Sep 5, 2024
Doug Landry - FinanceBoston Secures $7.1M Refinance Loan For Multifamily Property On Hanover St
471 Hanover Street, Boston, Massachusetts 02113, United States
$7,110,000
$823/SF
Building Size
8,630 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
A multifamily property located at 471 - 477 Hanover St in Boston, MA has recently undergone a refinancing transaction. The property spans a total area of 8,630 square feet and consists of multiple residential units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,110,000
- Date: 05/31/2022
- Market: Boston, MA
- Asset Type: Multifamily
- Square Footage: 8,630
The refinancing was facilitated by Doug Landry of FinanceBoston who acted as the broker in this transaction. Doug Landry played a crucial role in securing the refinancing loan for the property.
Players
Boston 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93