Updated Dec 14, 2024
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
About this deal
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.
On the Map
$41,200,000
$46,606/SF
MultiFamily
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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