Updated Oct 29, 2024
The Caleb Group Secures $7.9M Loan For Multifamily Properties In Lowell, MA With Rockland Trust - Heidi Yates
77 Chestnut Street, Lowell, Massachusetts, USA
$7,855,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 11, 2021
About this deal
AI
The multifamily property located at 77 Chestnut Street and 80 Bridge Street in Lowell, MA has been involved in a recent transaction. The transaction took place on 02/12/2021 and the property was purchased using a loan. The lender for this transaction was Rockland Trust, represented by Heidi Yates. The loan amount for this transaction was $7,855,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,855,000
- Market: Lowell, MA
- Landlord: The Caleb Group - Debbie Nutter
- Lender: Rockland Trust - Heidi Yates
- Address: 77 Chestnut Street & 80 Bridge Street
Debbie Nutter, representing The Caleb Group, acted as the landlord in this transaction. Heidi Yates, representing Rockland Trust, served as the lender. Both parties played vital roles in making this multifamily property transaction possible.
Players
Lowell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93