Updated Mar 11, 2025
RD Advisors Provides $500,000 Acquisition Loan For Multifamily Property In Upton, MA
51 School Street, Upton, Massachusetts 01568, United States
$500,000
$142/SF
Building Size
3,520 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
A multifamily property located at 51 School Street in Upton, MA has recently undergone a closed transaction. The property spans approximately 3,520 square feet and is classified as a multifamily asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $500,000
- Address: 51 School Street, Upton, MA
- Market: Upton, MA
- Lender: RD Advisors
- Loan Amount: $500,000
- Loan Type: Acquisition
Sean Kelly-Rand from RD Advisors played a key role in this transaction as the lender. RD Advisors specializes in accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts. They offer an easy and quick loan submission process through their website, www.rd.loans.
Players
Upton 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
31.73%
Cash-on-Cash
-9.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93