Updated Oct 28, 2024
Providence Realty Investment, LLC Refinances Sudbury Multifamily Property For $32.2M
655 Boston Post Road, Sudbury, Massachusetts 01776, United States
$32,200,000
Units
120
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
Providence Realty Investment, LLC has refinanced a multifamily property located at 655 Boston Post Rd in Sudbury, MA. The property consists of 120 units and the loan amount for the refinancing was $32,200,000. The lenders involved in the transaction were masshousing''>MassHousing, represented by Chrystal Kornegay, and Rockport Mortgage, represented by Dan Lyons. The loan type for this transaction was a refinance.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,200,000
- Address: 655 Boston Post Rd, Sudbury, MA
- Market: Sudbury, MA
- Units: 120
Raymond Uritescu, representing Providence Realty Investment, LLC, served as the landlord for this transaction.
Players
Sudbury 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93