Updated Jan 14, 2026
Shailesh Patel Secures $1.048M Loan For Multifamily Acquisition In Fall River, MA
49 Hamlet Street
$1,048,000
$168/SF
Building Size
6,204 SF
Asset Type
MultiFamily
Closing
Jan 8, 2026
About this deal
AI
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.
On the Map
$1,048,000
$168/SF
MultiFamily
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Players
Fall River 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
15.14%
Cash-on-Cash
-4.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93