Cardinal Capital Group Provides $8.3M Refinance Loan For Multifamily Property On Church Street
FINANCED
$8,300,000
Massachusetts
See Similar DealsMultiFamily
Financed 08/30/2023
FINANCED
Cardinal Capital Group Provides $8.3M Refinance Loan For Multifamily Property On Church Street
67-69 Church Street
See Similar DealsMultiFamily
Financed 08/30/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,300,000.00
Monthly NOI$55,333.33
Monthly Debt Service$52,461.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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