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84 Park Street

Crowd Lending Provides $5.15M Construction Loan For 14-Unit Multifamily At 84 Park Street
FINANCEDMultiFamily

Crowd Lending Provides $5.15M Construction Loan For 14-Unit Multifamily At 84 Park Street

84 Park Street

$5,149,000

Building Size

Asset Type

MultiFamily

Closing

Nov 30, 2025

AI

The asset involved in the transaction is a MultiFamily property located at 84 Park Street in Dorchester, MA, consisting of 14 units. The loan for this property amounts to $5,149,000 and is categorized as a construction loan.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,149,000
  • Address: 84 Park Street
  • Market: Dorchester, MA
  • Lender: Crowd Lending
  • Brokers: Robert Nichols & Ravi Davae - MIG Advisory
  • Loan Type: Construction
  • Units: 14

Key individuals involved in the transaction include Robert Nichols and Ravi Davae, who represent the brokerage firm MIG Advisory in this deal. They played a crucial role in facilitating the loan process with Crowd Lending.

Players

Ravi Davae

MIG Realty

Broker

$5.1M

vol

1 deal

Broker
Crowd Lending
Crowd LendingLender
Robert Nichols

Robert Nichols

MIG Realty

Originator

$69M

vol

44 deals

Originator

Dorchester 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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93