Dedham Multifamily Secures $4M Refinancing Deal With Pearlmark Real Estate
978 Providence Highway Dedham, Massachusetts 02026, USA
$4,000,000
Units
48
Asset Type
MultiFamily
Closing
May 18, 2023
AI
A multifamily property located at 978 Providence Highway in Dedham, MA has successfully secured a $4 million refinancing deal. The property consists of 48 units and is currently 100% leased.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 978 Providence Highway, Dedham, MA
- Market: Dedham, MA
- Units: 48
Pearlmark Real Estate, the landlord, facilitated the refinancing process for the Dedham multifamily property. The property is in a prime market location and has maintained full occupancy with its 48 units.
Players
Dedham 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93