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Mattapan Developer Secures $9.12M Construction Loan From North Shore Bank For Multifamily Project

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FINANCED
$9,120,000

Massachusetts

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MultiFamily
Financed 11/14/2025
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Property Image
FINANCED

Mattapan Developer Secures $9.12M Construction Loan From North Shore Bank For Multifamily Project

804 Hyde Park Avenue

See Similar Deals
MultiFamily
Financed 11/14/2025
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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

FINANCED
IMAGE: 11/14/2025 ADDRESS: 804 Hyde Park Avenue MARKET: Hyde Park, MA ASSET TYPE: Multifamily LENDER: North Shore Bank LOAN AMOUNT: $9,120,000 LOAN TYPE: Construction NOTE: A Mattapan developer secured a $9.12M construction loan from North Shore Bank for a 42-unit, 5-story multifamily project at 804 Hyde Park Ave.

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Deal Type
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