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
Cambridge 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
7.24%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93