Kelly Nguyen Of Rockland Trust Provides $17M Construction Loan For Preservation Of Affordable Housing In Brewster MA
FINANCED
$17,000,000
Massachusetts
See Similar DealsMultiFamily
Financed
FINANCED
Kelly Nguyen Of Rockland Trust Provides $17M Construction Loan For Preservation Of Affordable Housing In Brewster MA
55 Spring Rock Village, Brewster, Ma
See Similar DealsMultiFamily
Financed
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 55 Spring Rock Village, Brewster, MA. The property consists of 45 units and is financed through a construction loan amounting to $17,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,000,000
- Lender: Kelly Nguyen - Rockland Trust
- Landlord: Preservation of Affordable Housing
- Loan Type: Construction
The transaction features Kelly Nguyen as the representative for the lender, Rockland Trust, and involves Preservation of Affordable Housing serving as the landlord for the multifamily property. The deal is noted for its focus on development and construction financing.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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