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653 Amherst Road, Sunderlan...

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

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

MassHousing
MassHousingLender

Sunderland MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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