Brian Cressy Of Elm Brook Capital Secures $15M Construction Loan In Edgartown, MA
FINANCED
$15,000,000
Massachusetts
See Similar DealsNote / Loan566,280 SF
Financed 02/07/2025
FINANCED
Brian Cressy Of Elm Brook Capital Secures $15M Construction Loan In Edgartown, MA
Note / Loan566,280 SF
Financed 02/07/2025
Summary
MASSACHUSETTS
Asset Type:Note / Loan
Price Per Square Foot:$26
Total Square Footage:566,280 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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