DND Homes Secures $28.61 Million Construction Loan For Multifamily Development In Cambridge
Western Avenue
$28,614,000
$476/SF
Building Size
60,000 SF
Asset Type
MultiFamily
Closing
Feb 5, 2026
AI
The property asset involved in the context is a multifamily building located at 122-124-132 Western Ave in Cambridge, MA. The asset encompasses 60,000 square feet and consists of 120 units. The loan amount secured for this property transaction is $28,614,000, classified as a construction loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,614,000
- Address: 122-124-132 Western Ave
- Market: Cambridge, MA
- Asset Size: 60,000 SF
- Units: 120
- Landlord: DND Homes
- Broker: Doug Landry - LandUP Capital
- Loan Type: Construction
The deal is represented by Doug Landry from LandUP Capital. The financing arrangement includes acquisition and construction-to-perm financing ahead of permitting.
Players
Cambridge 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93