Eastern Mortgage Capital Provides $9.3M Loan For Rehabilitation & Nursing Center On Frances St, Woburn, MA
18 Frances Street, Woburn, Massachusetts 01801, United States
$9,292,000
Building Size
—
Asset Type
Other
Closing
Feb 10, 2022
AI
An $9,292,000 permanent financing loan has been secured for the rehabilitation and nursing center located at 18 Frances St, Woburn, MA. The loan was provided by Eastern Mortgage Capital, with Tim O'Donnell from Fantini & Gorga acting as the broker.
Summary of transaction details:
- Property Type: Rehabilitation & Nursing Center
- Transaction Amount: $9,292,000
- Lender: Eastern Mortgage Capital
- Broker: Tim O'Donnell - Fantini & Gorga
This financing deal offers a permanent solution for the rehabilitation and nursing center located at 18 Frances St, Woburn, MA. Tim O'Donnell from Fantini & Gorga represented the parties involved in this transaction, playing a key role in securing the loan.
Players
Woburn Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93