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67-69 Church Street

Updated Oct 29, 2024

Cardinal Capital Group Provides $8.3M Refinance Loan For Multifamily Property On Church Street
FINANCEDMultiFamily

Cardinal Capital Group Provides $8.3M Refinance Loan For Multifamily Property On Church Street

67-69 Church Street

$8,300,000

Building Size

Asset Type

MultiFamily

Closing

Aug 30, 2023

About this deal

AI

The multifamily property located at 67-69 Church Street in Boston, MA has recently undergone a refinancing transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,300,000
  • Lender: Briana Hildt & Dominic Blad - Cardinal Capital Group
  • Loan Type: Refinance

In this refinance deal, the multifamily property at 67-69 Church Street obtained a loan amount of $8,300,000. The transaction was facilitated by Briana Hildt and Dominic Blad of Cardinal Capital Group. The refinancing loan will help the property owners secure favorable terms and potentially take advantage of lower interest rates. This financial arrangement allows the property owners to obtain additional capital or reduce their monthly mortgage payments, providing potential opportunities for investment or financial stability.

Players

Cardinal Capital Group
Cardinal Capital GroupLender

Boston 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

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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