Updated Oct 29, 2024
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.
On the Map
$8,300,000
MultiFamily
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Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
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