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89 Third Street

QS Private Lending, LLC Provides $2.19M Fix & Flip Loan For Multifamily Property In Cambridge, MA
FINANCEDMultiFamily

QS Private Lending, LLC Provides $2.19M Fix & Flip Loan For Multifamily Property In Cambridge, MA

89 Third Street

$2,190,000

$730/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Nov 10, 2022

AI

Located at 89 Third Street in Cambridge, MA, this multifamily property spans approximately 3,000 square feet. The property was involved in a closed transaction.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,190,000
  • Address: 89 Third Street
  • Market: Cambridge, MA
  • Loan Type: Fix & Flip
  • Lender: QS Private Lending, LLC
  • Landlord: Talanoa Lesatele
  • Broker: Chris Sava & Hub Financing ; Mario Kula - QS Private Lending, LLC

QS Private Lending, LLC provided a loan amount of $2,190,000 for this fix and flip transaction. The property's landlord is Talanoa Lesatele. The broker involved in the deal is Chris Sava from Hub Financing and Mario Kula from QS Private Lending, LLC.

Hub Financing, LLC is a commercial mortgage brokerage specializing in short and long-term finance solutions for real estate investors nationwide. They problem solve for their clients and often close deals that other brokers and banks cannot.

Players

Chris Sava

Hub Financing, LLC

Broker

$28.9M

vol

5 deals

Broker
QS Private Lending
QS Private LendingLender

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.24%

Cash-on-Cash

-2.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93