Updated Nov 24, 2023
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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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