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Dedham Multifamily Secures $4M Refinancing Deal With Pearlmark Real Estate

Property Image
FINANCED
$4,000,000

Massachusetts

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MultiFamily
Financed 05/18/2023
the dealdetailscomps
Property Image
FINANCED

Dedham Multifamily Secures $4M Refinancing Deal With Pearlmark Real Estate

978 Providence Highway Dedham, Massachusetts 02026, USA

See Similar Deals
MultiFamily
Financed 05/18/2023
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: 05/18/2023 ADDRESS: 978 Providence Highway MARKET: Dedham, MA ASSET TYPE: Multifamily ~ UNITS: 48 LANDLORD: Pearlmark Real Estate LOAN AMOUNT: $4,000,000 LOAN TYPE: Refinance NOTE: A Dedham, MA multifamily property has secured a $4m refinancing deal. The property is currently 100% leased and consists of 21 units.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,000,000.00

Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00