Updated Mar 11, 2025
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
About this deal
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.
On the Map
$29,140,000
$192/SF
MultiFamily
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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