Updated Mar 11, 2025
GenWealth Capital Commercial Provides $986K Acquisition Loan For 3-Unit Multifamily In Boston, MA
77 Bowdoin Avenue, Dorchester, Massachusetts 02121, United States
$986,000
$175/SF
Building Size
5,632 SF
Asset Type
MultiFamily
Closing
Jun 1, 2022
About this deal
AI
The property involved in this closed transaction is a multifamily property located at 77 Bowdoin Ave in Boston, MA. The property consists of 3 units and has a total square footage of 5,632.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $986,000
- Units: 3
- Square Footage: 5,632
GenWealth Capital Commercial provided the loan for this acquisition. The borrower was approved for a loan amount of $986,000, representing 85% loan-to-value (LTV) on a straight purchase at a fixed rate for a term of 30 years. The loan approval was based on the borrower's bank statements and leases for the subject property.
On the Map
$986,000
$175/SF
MultiFamily
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Players
Boston MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.09%
Cash-on-Cash
-4.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93