Updated Mar 11, 2025
Norwood Bank Provides $6.9M Refinance Loan For Leicester Multifamily
500 Stafford Street, Leicester, Cherry Valley, Massachusetts, USA
$6,945,000
$3,858/SF
Building Size
1,800 SF
Asset Type
MultiFamily
Closing
May 24, 2020
About this deal
AI
Located at 500 Stafford Street in Leicester, MA, the multifamily property was recently involved in a closed transaction. The transaction took place on 05/24/2021.
Summary of transaction details:
- Asset Type: Multifamily
- Loan Amount: $6,945,000
- Loan Type: Refinance
Norwood Bank provided the loan for this transaction. Robert Damigella from Marcus & Millichap Boston represented the buyer as the broker.
For more information and images of the property, you can visit the original post on Instagram here.
The multifamily loan at 500 Stafford Street, Leicester, Cherry Valley, Massachusetts, USA in Cherry Valley, Massachusetts financed for $6.9M in 2020. The building is 1,800 square feet, implying about 3.9K per square foot on the published price. Robert Damigella, Marcus & Millichap appear on the loan alongside Marcus & Millichap. This page is the Cherry Valley, Massachusetts file for the 500 Stafford Street, Leicester, Cherry Valley, Massachusetts, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Cherry Valley sit in the Market section below. Filter that Cherry Valley multifamily set by closing date to see what else financed near 500 Stafford Street, Leicester, Cherry Valley, Massachusetts, USA around 2020. Published consideration for 500 Stafford Street, Leicester, Cherry Valley, Massachusetts, USA is $6.9M, dated 2020. Cite this Norwood Bank Provides $6.9M Refinance Loan For Leicester Multifamily loan when underwriting similar multifamily product around Cherry Valley, Massachusetts.
Players
Cherry Valley 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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93