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99 Riverside Avenue, Medfor...

Updated Nov 24, 2023

Schochet Companies And Jonathan Rose Companies Secure $13.5M Loan For Medford, MA Multifamily
FINANCEDMultiFamily

Schochet Companies And Jonathan Rose Companies Secure $13.5M Loan For Medford, MA Multifamily

99 Riverside Avenue, Medford, Massachusetts 02155, United States

$13,500,000

Units

199

Asset Type

MultiFamily

Closing

Jan 11, 2023

About this deal

AI

A multifamily property located at 99 Riverside Avenue in Medford, MA has recently completed a closed loan transaction. The property consists of 199 units and has been financed through a loan provided by MassHousing, with Chrystal Kornegay representing the lender. The loan amount for this transaction is $13,500,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,500,000
  • Address: 99 Riverside Avenue, Medford, MA
  • Market: Medford, MA
  • Units: 199

The landlord for this property is Schochet Companies, with Richard J. Henken representing the company. Additionally, Jonathan Rose Companies is also involved in the ownership, with Nathan D. Taft representing the company. These companies play an important role in the management and operation of the property.

Players

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $67.8K per unit across 199 units on a published $13.5M (2023).

Browse Massachusetts multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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