Updated Dec 4, 2024
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
About this deal
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.
Jake Cremmen Of FinanceBoston Arranges $3.8M Refinance Loan For Multifamily In Bristol County is logged as a multifamily loan on Traded (2024). The building is 30,892 square feet, implying about 123 per square foot on the published price. Jake Cremmen, FinanceBoston appear on the loan alongside FinanceBoston. This page is the market file for the Jake Cremmen Of FinanceBoston Arranges $3.8M Refinance Loan For Multifamily In Bristol County multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this Jake Cremmen Of FinanceBoston Arranges $3.8M Refinance Loan For Multifamily In Bristol County loan when underwriting similar multifamily product.
Players
Market 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