MassHousing Provides $41.2M Permanent Loan For Multifamily Property In Sunderland, MA
653 Amherst Road, Sunderland, Massachusetts 01375, United States
$41,200,000
$46,606/SF
Building Size
884 SF
Asset Type
MultiFamily
Closing
May 11, 2022
AI
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
Sunderland 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93