Updated Sep 5, 2024
FinanceBoston's Doug Landry Arranges $8.3M Construction Loan For Revere, MA Multifamily Development
810 Washington Street
$8,300,000
$320/SF
Building Size
25,938 SF
Asset Type
MultiFamily
Closing
Mar 20, 2023
About this deal
AI
A construction loan in the amount of $8,300,000 has been secured for a multifamily property in Revere, MA. The property, located at 810 Washington Street, consists of 30 units and has a total square footage of 25,938.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,300,000
- Address: 810 Washington Street
- Market: Revere, MA
- Square Footage: 25,938
- Units: 30
The construction loan was facilitated by Doug Landry of FinanceBoston, representing the landlord in the transaction.
The multifamily loan at 810 Washington Street in Massachusetts financed for $8.3M in 2023. Reported inventory is 25,938 square feet across 30 units, or about 320 per square foot. Doug Landry, FinanceBoston appear on the loan alongside FinanceBoston. This page is the Massachusetts file for the 810 Washington Street multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Massachusetts sit in the Market section below. Filter that local multifamily set by closing date to see what else financed near 810 Washington Street around 2023. Published consideration for 810 Washington Street is $8.3M, dated 2023. Cite this FinanceBoston's Doug Landry Arranges $8.3M Construction Loan For Revere, MA Multifamily Development loan when underwriting similar multifamily product around Massachusetts.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93