Brady Capital Advisors Provides $29.14 Million Loan For Somerset Multifamily Acquisition
FINANCED
$29,140,000
Massachusetts
See Similar DealsMultiFamily151,260 SF
Financed 08/28/2024
FINANCED
Brady Capital Advisors Provides $29.14 Million Loan For Somerset Multifamily Acquisition
102 Shawomet Avenue
See Similar DealsMultiFamily151,260 SF
Financed 08/28/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$192
Total Square Footage:151,260 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,140,000.00
Monthly NOI$194,266.67
Monthly Debt Service$184,184.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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