Updated Dec 21, 2023
Planning Office For Urban Affairs (POUA) And Caribbean Integration Community Development (CICD) Acquire Housing Complex In Mattapan For $22.6M With Broker Chrystal Kornegay - MassHousing
32 Regis Road, Southern Mattapan, Boston, MA, USA
$22,600,000
Units
76
Asset Type
Other
Closing
Jul 2, 2020
About this deal
AI
A housing complex located at 30-32 Regis Road in Mattapan has been involved in a closed transaction. The loan amount for this transaction was $22,600,000 for a total of 76 units.
Summary of transaction details
- Property Type: Housing Complex
- Transaction Amount: $22,600,000
- Address: 30-32 Regis Road
- Market: Mattapan
The deal was facilitated by the Planning Office for Urban Affairs (POUA) represented by Bill Grogan, along with the Caribbean Integration Community Development (CICD) represented by Donald Alexis. The broker for this transaction was Chrystal Kornegay from MassHousing.
Players
Mattapan 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93