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Mattapan Developer Secures $9.12M Construction Loan From North Shore Bank For Multifamily Project
FINANCED
$9,120,000
Massachusetts
See Similar DealsMultiFamily
Financed 11/14/2025
FINANCED
Mattapan Developer Secures $9.12M Construction Loan From North Shore Bank For Multifamily Project
804 Hyde Park Avenue
See Similar DealsMultiFamily
Financed 11/14/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
A Mattapan developer secured a $9.12 million construction loan from North Shore Bank for a 42-unit, 5-story multifamily project located at 804 Hyde Park Avenue in Hyde Park, MA.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $9,120,000
- Lender: North Shore Bank
- Loan Type: Construction
- Date of Loan: 11/14/2025
- Market: Hyde Park, MA
- Property Address: 804 Hyde Park Avenue
The transaction represents an investment in multifamily housing, reflecting the ongoing development activity in the Hyde Park area. The lender involved in this deal is North Shore Bank, responsible for providing the financing required for the construction of this project.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,120,000.00
Monthly NOI$60,800.00
Monthly Debt Service$57,644.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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