Updated Nov 17, 2025
Mattapan Developer Secures $9.12M Construction Loan From North Shore Bank For Multifamily Project
804 Hyde Park Avenue
$9,120,000
Units
42
Asset Type
MultiFamily
Closing
Nov 14, 2025
About this deal
AI
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.
On the Map
$9,120,000
MultiFamily
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Players
Hyde Park 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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93