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
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