Updated Mar 11, 2025
RD Advisors Provides $1.4M Rehabilitation Loan For Multifamily Property In Malden, MA
57-59 Lincoln Street, Malden, Massachusetts 02148, United States
$1,400,000
$383/SF
Building Size
3,654 SF
Asset Type
MultiFamily
Closing
Mar 6, 2022
About this deal
AI
Located at 57-59 Lincoln Street in Malden, MA, this multifamily property spans a total of 3,654 square feet. The property was recently involved in a closed transaction where a rehabilitation loan was secured.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 57-59 Lincoln Street, Malden, MA
- Market: Malden, MA
- Loan Type: Rehabilitation
The lender for this transaction was RD Advisors, represented by Sean Kelly-Rand. RD Advisors specializes in accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts. For more information, interested parties can submit a deal through their website at www.rd.loans.
Players
Malden 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93