Kelly Nguyen Of Rockland Trust Provides $31 Million Construction Loan For Multifamily Asset In Oak Bluffs
FINANCED
$31,000,000
Massachusetts
See Similar DealsMultiFamily
Financed 08/08/2025
FINANCED
Kelly Nguyen Of Rockland Trust Provides $31 Million Construction Loan For Multifamily Asset In Oak Bluffs
85 Edgartown Vineyard Haven Road
See Similar DealsMultiFamily
Financed 08/08/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 85 Edgartown Vineyard Haven Road in Oak Bluffs, MA. This asset comprises 60 units and is financed through a construction loan amounting to $31,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,000,000
- Asset Address: 85 Edgartown Vineyard Haven Road
- Market: Oak Bluffs, MA
- Lender: Kelly Nguyen - Rockland Trust
- Loan Type: Construction
- Units: 60
The transaction involves Kelly Nguyen, representing Rockland Trust as the lender. This construction loan is pivotal in financing the multifamily property, facilitating its development within the local market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,000,000.00
Monthly NOI$206,666.67
Monthly Debt Service$195,941.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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