Updated Mar 11, 2025
RD Advisors Provides $2M Bridge Loan For MultiFamily Property In Quincy, MA
73 Liberty St Quincy, MA 02169, USA
$2,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
AI
Located at 73 Liberty Street in Quincy, MA, this multi-family property was involved in a recent loan transaction. The property is a non-owner-occupied residential and commercial property, making it suitable for investment purposes. The loan amount for this transaction was $2,000,000, and it was categorized as a bridge loan.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,000,000
- Lender: Sean Kelly-Rand - RD Advisors
- Loan Type: Bridge
RD Advisors, represented by Sean Kelly-Rand, facilitated the loan transaction for this property. They specialize in providing loan services for non-owner-occupied residential and commercial properties in Massachusetts. For those looking to secure a loan, RD Advisors offers a convenient online platform where deals can be submitted in under 5 minutes. To learn more, visit their website at www.rd.loans.
Players
Quincy 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93