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102 Shawomet Avenue

Brady Capital Advisors Provides $29.14 Million Loan For Somerset Multifamily Acquisition
FINANCEDMultiFamily

Brady Capital Advisors Provides $29.14 Million Loan For Somerset Multifamily Acquisition

102 Shawomet Avenue

$29,140,000

$192/SF

Building Size

151,260 SF

Asset Type

MultiFamily

Closing

Aug 28, 2024

AI

102 Shawomet Avenue is a multifamily property located in Somerset, MA, comprising 151,260 square feet and 240 units. The acquisition loan amount for this property is $29,140,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $29,140,000
  • Lender: Brady Capital Advisors
  • Landlord: SFMG
  • Broker: Patrick Brady - Brady Capital Advisors
  • Loan Type: Acquisition

This transaction involves key individuals and companies including Patrick Brady, who represents the lender, Brady Capital Advisors. The landlord involved in the deal is SFMG, which oversees the property management and operational aspects.

Players

Patrick Brady

Brady Capital Advisors

Broker

$202.3M

vol

7 deals

Broker
Brady Capital Advisors
Brady Capital AdvisorsLender

Somerset 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

0.54%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93