Updated Aug 18, 2026
Jay Houser Of Ockers Technologies Secures $15 Million Loan From Salem Five Bank In Middleboro
61 Leona Drive
$15,000,000
Building Size
—
Asset Type
Office
Closing
Aug 13, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 61 Leona Drive in Middleboro, MA. The loan amount for this asset is $15,000,000, which is being utilized by Ockers Technologies, a technology solutions provider based in Middleborough.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Lender: Salem Five Bank
- Landlord: Jay Houser - Ockers Technologies
The transaction represents a significant financial arrangement where Salem Five Bank provided a senior credit facility to Ockers Technologies. This financing package includes a revolving line of credit along with a commercial real estate loan aimed at supporting the company's growth initiatives.
On the Map
$15,000,000
Office
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Players
Leona Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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