Bluestone Bank And Pacific Coast Bankers Bank Provide $3.2 Million Loan For Multifamily Property In Everett
536 Broadway
$3,200,000
Units
15
Asset Type
MultiFamily
Closing
Dec 15, 2025
AI
The property asset involved in this transaction is a 15-unit multifamily property located at 536 Broadway in Everett, MA. It was financed with a loan amount of $3,200,000, provided jointly by two lenders, Bluestone Bank and Pacific Coast Bankers Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 536 Broadway
- Market: Everett, MA
- Lender: Bluestone Bank & Pacific Coast Bankers Bank
The acquisition involved a coordinated effort by Bluestone Bank and Pacific Coast Bankers Bank to facilitate the financing of the property at 536 Broadway. This collaboration highlights the significant role of financial institutions in the successful completion of multifamily real estate transactions.
Players
Everett 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93