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MassHousing Provides $41.2M Permanent Loan For Multifamily Property In Sunderland, MA

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FINANCED
$41,200,000

Massachusetts

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MultiFamily884 SF
Financed 05/12/2022
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FINANCED

MassHousing Provides $41.2M Permanent Loan For Multifamily Property In Sunderland, MA

653 Amherst Road, Sunderland, Massachusetts 01375, United States

See Similar Deals
MultiFamily884 SF
Financed 05/12/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$46,606
Total Square Footage:884 SF
Transaction Type:Loan

Located at 653 Amherst Rd in Sunderland, MA, this closed property transaction involves a multifamily asset consisting of 150 units. The deal was finalized on 05/12/2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $41,200,000
  • Address: 653 Amherst Rd, Sunderland, MA
  • Market: Sunderland, MA
  • Units: 150

The lender for this transaction was masshousing''>MassHousing, represented by Chrystal Kornegay. They provided a permanent loan of $41,200,000 to facilitate the purchase of the property. The landlord in this deal is Landmark Properties, Inc, with Wes Rogers serving as the representative for the company.

Players

LENDER

Details

FINANCED
IMAGE: Chrystal Kornegay & Wes Rogers DATE: 05/12/2022 ADDRESS: 653 Amherst Rd MARKET: Sunderland, MA ASSET TYPE: Multifamily ~ UNITS: 150 LENDER: MassHousing - Chrystal Kornegay LANDLORD: Landmark Properties, Inc (@LandmarkPropertiesInc) - Wes Rogers LOAN AMOUNT: $41,200,000 LOAN TYPE: Permanent Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,200,000.00

Monthly NOI$274,666.67
Monthly Debt Service$260,412.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00