Jake Cremmen Of FinanceBoston Arranges $3.8M Refinance Loan For Multifamily In Bristol County
FINANCED
$3,803,500
Massachusetts
See Similar DealsMultiFamily30,892 SF
Financed 05/14/2024
FINANCED
Jake Cremmen Of FinanceBoston Arranges $3.8M Refinance Loan For Multifamily In Bristol County
MultiFamily30,892 SF
Financed 05/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:30,892 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,803,500.00
Monthly NOI$25,356.67
Monthly Debt Service$24,040.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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