Updated Feb 28, 2025
Brian Cressy Of Elm Brook Capital Secures $15M Construction Loan In Edgartown, MA
$15,000,000
$26/SF
Building Size
566,280 SF
Asset Type
Note / Loan
Closing
Feb 7, 2025
About this deal
AI
The asset involved in this transaction is a Note / Loan with an amount of $15,000,000, associated with a construction loan type. The property is located in Edgartown, MA, and encompasses a total square footage of 566,280.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $15,000,000
- Loan Type: Construction
- Market: Edgartown, MA
- Broker: Brian Cressy - Elm Brook Capital
Brian Cressy from Elm Brook Capital represents the broker's interests in this loan transaction, facilitating the connection between the involved parties in the Edgartown market.
Players
Market Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Loan transactions
Loading comparables…
Deal FAQ
Visit Elm Brook Capital to view all their deals.
Browse Massachusetts note / loan loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93