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67-69 Church Street

Updated Oct 25, 2024

RD Advisors Provides $6.5M Bridge Loan For Mixed-Use Property At 67-69 Church Street, Boston
FINANCEDMultiFamily

RD Advisors Provides $6.5M Bridge Loan For Mixed-Use Property At 67-69 Church Street, Boston

67-69 Church Street

$6,500,000

Building Size

Asset Type

MultiFamily

Closing

Nov 21, 2022

About this deal

AI

The mixed-use property located at 67-69 Church Street in Boston, MA has been involved in a recent closed transaction. With a total area of 9,500 square feet, this property offers a versatile space for both residential and commercial purposes. The transaction took place on the market in Boston, MA, indicating the thriving real estate industry in the area.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $6,500,000
  • Lender: Sean Kelly-Rand - RD Advisors
  • Landlord: Thomas Calus

RD Advisors, represented by Sean Kelly-Rand, provided a bridge loan of $6,500,000 for the property at 67-69 Church Street. As a lender specializing in developer financing, RD Advisors offers flexible funding solutions for projects in Massachusetts, New Hampshire, and Rhode Island. Their quick turnaround time is highlighted by their ability to close transactions in under a week. Interested parties can request a loan in just five minutes, streamlining the financing process for acquisitions, renovations/constructions, and bridge loans.

Players

Thomas P. Calus

Landlord

$7.7M

vol

2 deals

Landlord

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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