Updated Feb 16, 2024
MassHousing Provides $9.5M Loan For Residential Redevelopment On Berkley Street In Taunton
145 Berkley St, Taunton, MA 02780, USA
$9,500,000
$6,854/SF
Building Size
1,386 SF
Asset Type
Other
Closing
Jul 20, 2020
About this deal
AI
The property involved in the transaction is located at 145 Berkley Street in Taunton. It is a residential property.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $9,500,000
masshousing''>MassHousing, represented by Chrystal Kornegay, provided the loan for the redevelopment of the property. The loan consists of an $8.7 million construction loan and a $750,000 construction and permanent loan.
The other loan at 145 Berkley St, Taunton, MA 02780, USA in Taunton, Massachusetts financed for $9.5M in 2020. The building is 1,386 square feet, implying about 6.9K per square foot on the published price. This page is the Taunton, Massachusetts file for the 145 Berkley St, Taunton, MA 02780, USA other financed: pricing, party profiles, and other closed other comps from the same Taunton sit in the Market section below. Filter that Taunton other set by closing date to see what else financed near 145 Berkley St, Taunton, MA 02780, USA around 2020. Published consideration for 145 Berkley St, Taunton, MA 02780, USA is $9.5M, dated 2020. Cite this MassHousing Provides $9.5M Loan For Residential Redevelopment On Berkley Street In Taunton loan when underwriting similar other product around Taunton, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93