Updated Feb 16, 2024
Atlantic Tambone Management, LLC Secures $32.7M Loan For Stoneham Apartments
27 Mountain View Dr, Stoneham, MA 02180, USA
$32,700,000
$266/SF
Building Size
122,700 SF
Asset Type
Other
Closing
Aug 17, 2020
About this deal
AI
The property involved in the closed transaction is located at 27 Mountain View Drive in Stoneham, MA. It is an apartment building. The loan amount for this transaction is $32,700,000.
Summary of transaction details
- Property Type: Apartments
- Transaction Amount: $32,700,000
- Borrower: Atlantic Tambone Management, LLC - Anthony A. Tambone
- Lender: masshousing''>MassHousing - Chrystal Kornegay, Rockport Mortgage Corporation - Dan Lyons
In this deal, the borrower is Atlantic Tambone Management, LLC with Anthony A. Tambone representing them. The lender for this transaction includes MassHousing represented by Chrystal Kornegay and Rockport Mortgage Corporation represented by Dan Lyons.
Players
Stoneham 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93