GenWealth Capital Commercial Provides $986K Acquisition Loan For 3-Unit Multifamily In Boston, MA

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.