Providence Realty Investment Refinances Winchester Multifamily Property For $4M
FINANCED
$4,000,000
Massachusetts
See Similar DealsMultiFamily
Financed 05/16/2022
FINANCED
Providence Realty Investment Refinances Winchester Multifamily Property For $4M
75 Hemingway Street, Winchester, Massachusetts 01890, United States
See Similar DealsMultiFamily
Financed 05/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 75 Hemingway St in Winchester, MA has recently undergone a refinance transaction. The property consists of 18 units and is owned by Providence Realty Investment, LLC.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Date: 05/16/2022
- Loan Amount: $4,000,000
- Loan Type: Refinance
- Lender: masshousing''>MassHousing - Chrystal Kornegay & Rockport Mortgage - Dan Lyons
- Landlord: Providence Realty Investment, LLC - Raymond Uritescu
The refinance loan for the property was provided by MassHousing, represented by Chrystal Kornegay, and Rockport Mortgage, represented by Dan Lyons. This transaction allows Providence Realty Investment, LLC to secure a loan of $4,000,000 to support their property investment in Winchester, MA.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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