Updated Oct 25, 2024
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
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