FINANCEDMultiFamily
Jake Cremmen Of FinanceBoston Arranges $3.8M Refinance Loan For Multifamily In Bristol County
$3,803,500
$123/SF
Building Size
30,892 SF
Asset Type
MultiFamily
Closing
May 14, 2024
AI
The multifamily property in Bristol County, MA, spanning 30,892 square feet with 32 units, underwent a refinancing deal. The loan amount secured for this transaction was $3,803,500 from BankNewport.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,803,500
- Market: Bristol County, MA
- Units: 32
- Lender: BankNewport
- Landlord's Rep: Jake Cremmen - FinanceBoston
The financing for this property was facilitated by Jake Cremmen from FinanceBoston, representing the landlord in the deal.
Players
Fall River 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93