Updated Sep 9, 2024
MIG - Crowd Lending Inc Acquires Note / Loan In Buzzards Bay, MA For $391,791
35 Riverside Drive
$391,791
Building Size
—
Asset Type
Note / Loan
Closing
Nov 22, 2022
About this deal
AI
A note/loan at 35 Riverside Drive in Buzzards Bay, MA was recently sold for $391,791. The transaction took place on 11/22/2022 and was facilitated by broker Robert Nichols from MIG - Crowd Lending Inc. This property asset is located in a desirable market and offers great potential for investment.
Summary of Transaction Details
- Property Type: Note / Loan
- Transaction Amount: $391,791
- Date: 11/22/2022
- Address: 35 Riverside Drive, Buzzards Bay, MA
- Broker: Robert Nichols - MIG - Crowd Lending Inc
Robert Nichols, representing MIG - Crowd Lending Inc, played a crucial role in the successful completion of this deal. His expertise and guidance ensured a smooth transaction process. The sale of this note/loan presents a valuable opportunity for the buyer to capitalize on the potential of this property asset.
Players
Gloucester Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
40.49%
Cash-on-Cash
-11.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93