Updated Mar 11, 2025
RD Advisors Refinances Multifamily Property On Woods Ave In Somerville, MA With $700K Loan
84 Woods Avenue, Somerville, Massachusetts 02144, United States
$700,000
$264/SF
Building Size
2,644 SF
Asset Type
MultiFamily
Closing
Sep 15, 2022
About this deal
AI
Located at 84 Woods Ave in Somerville, MA, this multifamily property spans approximately 2,644 square feet. The property was recently involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $700,000
- Loan Type: Refinance
The lender, RD Advisors represented by Sean Kelly-Rand, provided a loan amount of $700,000 for the refinance of the property. RD Advisors specializes in accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts. They offer a quick and convenient process, allowing deals to be submitted in under 5 minutes through their website at www.rd.loans.
For more information and to explore loan opportunities for non-owner occupied properties in Massachusetts, interested parties can visit RD Advisors' website.
Players
Somerville 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
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93