Berkshire Bank Provides $28M Loan For Office Acquisition In Medford, MA
FINANCED
$28,000,000
Massachusetts
See Similar DealsOffice
Financed 12/28/2021
FINANCED
Berkshire Bank Provides $28M Loan For Office Acquisition In Medford, MA
10 Cabot Rd, Medford, Massachusetts 02155, United States
See Similar DealsOffice
Financed 12/28/2021
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Loan
The office property located at 10 Cabot Rd in Medford, MA has recently undergone an acquisition transaction. The deal was facilitated by John Broderick and Patrick Boyle from Colliers, who represented the buyer or tenant in the transaction. The property is owned by Brookwood Financial, a prominent landlord in the area. The market value of this asset is undisclosed.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $28,000,000
- Lender: Berkshire Bank
The loan for this acquisition was provided by Berkshire Bank. The details of the loan type have not been disclosed.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,000,000.00
Monthly NOI$186,666.67
Monthly Debt Service$176,979.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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