RD Advisors Provides $3.8 Million Construction Loan For Multifamily Property In Cambridge MA
FINANCED
$3,800,000
Massachusetts
See Similar DealsMultiFamily2,040 SF
Financed 10/18/2024
FINANCED
RD Advisors Provides $3.8 Million Construction Loan For Multifamily Property In Cambridge MA
Hunting Street
See Similar DealsMultiFamily2,040 SF
Financed 10/18/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,862
Total Square Footage:2,040 SF
Transaction Type:Loan
The asset involved in the transaction is a multifamily property located at 21-23 Hunting Street, Cambridge, MA, with a square footage of 2,040. The loan amount secured for this property is $3,800,000, categorized under construction loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 21-23 Hunting Street
- Market: Cambridge, MA
- Lender: Sean Kelly-Rand & Alex Sigman - RD Advisors
- Loan Type: Construction
Sean Kelly-Rand and Alex Sigman from RD Advisors are the lending representatives involved in this transaction, emphasizing their role in facilitating the loan for the property. RD Advisors is currently accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts, allowing submissions through their website.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,800,000.00
Monthly NOI$25,333.33
Monthly Debt Service$24,018.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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