Norwood Bank Provides $6.9M Refinance Loan For Leicester Multifamily
FINANCED
$6,945,000
Massachusetts
See Similar DealsMultiFamily1,800 SF
Financed 05/24/2020
FINANCED
Norwood Bank Provides $6.9M Refinance Loan For Leicester Multifamily
500 Stafford Street, Leicester, Cherry Valley, Massachusetts, USA
See Similar DealsMultiFamily1,800 SF
Financed 05/24/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$3,858
Total Square Footage:1,800 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,945,000.00
Monthly NOI$46,300.00
Monthly Debt Service$43,897.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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