Updated Sep 9, 2024
Crowd Lending Inc Provides $3.78M Construction Loan For New Construction In Roslindale, MA
25 Poplar St Roslindale, MA 02131, USA
$3,780,000
$754/SF
Building Size
5,010 SF
Asset Type
Other
Closing
May 24, 2023
About this deal
AI
The new construction property located at 25 Poplar Street in Roslindale, MA has been involved in a recent loan transaction. The property has a total square footage of 5,010 and is a part of the residential market. The loan amount for this transaction was $3,780,000 and it was a construction loan.
Summary of transaction details:
- Property Type: New Construction
- Transaction Amount: $3,780,000
- Address: 25 Poplar Street, Roslindale, MA
- Market: Residential
- Lender: Crowd Lending Inc
- Landlord: Thomas Reyes
- Broker: Robert Nichols - MIG
The deal involved Crowd Lending Inc as the lender for the construction loan. The landlord for the property is Thomas Reyes. Representing the deal was broker Robert Nichols from MIG.
Players
Boston Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.20%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93