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Providence Realty Investment, LLC Refinances Sudbury Multifamily Property For $32.2M

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FINANCED
$32,200,000

Massachusetts

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MultiFamily
Financed 05/16/2022
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FINANCED

Providence Realty Investment, LLC Refinances Sudbury Multifamily Property For $32.2M

655 Boston Post Road, Sudbury, Massachusetts 01776, United States

See Similar Deals
MultiFamily
Financed 05/16/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

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

LENDER

10 deals$204.6M volume
LANDLORD

Details

FINANCED
IMAGE: Chrystal Kornegay, Dan Lyons & Raymond Uritescu DATE: 05/16/2022 ADDRESS: 655 Boston Post Rd MARKET: Sudbury, MA ASSET TYPE: Multifamily ~ UNITS: 120 LENDER: MassHousing - Chrystal Kornegay & Rockport Mortgage - Dan Lyons LANDLORD: Providence Realty Investment, LLC - Raymond Uritescu LOAN AMOUNT: $32,200,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$32,200,000.00

Monthly NOI$214,666.67
Monthly Debt Service$203,525.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00