Updated Feb 10, 2026
DND Homes Secures $14.95 Million Construction Loan For 55 Unit Multifamily At 9 Wyman Road
9 Wyman Road
$14,950,000
$575/SF
Building Size
26,000 SF
Asset Type
MultiFamily
Closing
Feb 3, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 9 Wyman Road in Cambridge, MA. The property consists of 26,000 square feet and has a total of 55 units. The loan amount secured for this construction is $14,950,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,950,000
- Asset Size: 26,000 SF
- Number of Units: 55
- Landlord: DND Homes
- Broker: Doug Landry - LandUP Capital
- Loan Type: Construction
- Market: Cambridge, MA
Doug Landry from LandUP Capital represents DND Homes in this construction loan transaction, facilitating the financing needed for the development of the multifamily property.
On the Map
$14,950,000
$575/SF
MultiFamily
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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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93