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Shailesh Patel Secures $1.048M Loan For Multifamily Acquisition In Fall River, MA

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FINANCED
$1,048,000

Massachusetts

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MultiFamily6,204 SF
Financed
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FINANCED

Shailesh Patel Secures $1.048M Loan For Multifamily Acquisition In Fall River, MA

49 Hamlet Street

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MultiFamily6,204 SF
Financed
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$168
Total Square Footage:6204 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily unit located at 49 Hamlet Street in Fall River, MA. The asset spans a total square footage of 6,204 and comprises 6 units. The loan amount secured for acquisition is $1,048,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,048,000
  • Lender: Crowd Lending, Inc
  • Landlord: Shailesh Patel
  • Broker: Robert Nichols - MIG Advisory
  • Loan Type: Acquisition
  • Loan Terms: 1

This transaction features key stakeholders such as lender Crowd Lending, Inc, and landlord Shailesh Patel, with Robert Nichols representing the broker through MIG Advisory. Their roles highlight the distinct responsibilities in this multifamily acquisition deal.

Players

Robert Nichols
44 deals$69M volume
ORIGINATOR

Details

FINANCED
IMAGE: Robert Nichols DATE: 1/9/2026 ADDRESS: 49 Hamlet Street MARKET: Fall River, MA ASSET TYPE: Multifamily ~ SF: 6,204 ~ UNITS: 6 LENDER: Crowd Lending, Inc (@CrowdLendingInc) LANDLORD: Shailesh Patel BROKER: Robert Nichols (@RobertlNichols) - MIG Advisory (@MIGAdvisory) LOAN AMOUNT: $1,048,000 LOAN TYPE: Acquisition LOAN TERMS: 1

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,048,000.00

Monthly NOI$6,986.67
Monthly Debt Service$6,624.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00