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576 Washington St, Weymouth...

Spanish Trace LLC Refinances 87-Unit Multifamily Property In Weymouth, MA For $17M
FINANCEDMultiFamily

Spanish Trace LLC Refinances 87-Unit Multifamily Property In Weymouth, MA For $17M

576 Washington St, Weymouth, MA, USA

$17,000,000

$566/SF

Building Size

30,000 SF

Asset Type

MultiFamily

Closing

Aug 30, 2021

AI

Spanish Trace LLC has refinanced a multifamily property located at 576 Washington St, Weymouth, MA. The property consists of 87 units and was involved in a loan transaction on August 30, 2021. Casimir Groblewski from Fantini & Gorga represented the landlord, Spanish Trace LLC, in the deal. The loan amount for the refinancing was $17,000,000.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $17,000,000
  • Address: 576 Washington St, Weymouth, MA
  • Market: Weymouth, MA
  • Units: 87
  • Landlord: Spanish Trace LLC
  • Broker: Casimir Groblewski - Fantini & Gorga

The loan transaction involved the refinancing of the multifamily property at 576 Washington St. This deal was facilitated by Casimir Groblewski from Fantini & Gorga, who represented the landlord, Spanish Trace LLC. The loan amount of $17,000,000 allowed for the refinancing of the property.

Players

Casimir Groblewski

Fantini & Gorga

Broker

$153.1M

vol

10 deals

Broker

Weymouth 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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93