Crowd Lending Provides $5.15M Construction Loan For 14-Unit Multifamily At 84 Park Street
FINANCED
$5,149,000
Massachusetts
See Similar DealsMultiFamily
Financed
FINANCED
Crowd Lending Provides $5.15M Construction Loan For 14-Unit Multifamily At 84 Park Street
84 Park Street
See Similar DealsMultiFamily
Financed
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,149,000.00
Monthly NOI$34,326.67
Monthly Debt Service$32,545.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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