facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Other

/

Loan

/

347 Main Street, Fairhaven,...

Updated Oct 29, 2024

SCG Development Acquires School In Fairhaven MA For $10.5M With Lender Rockland Trust
FINANCEDOther

SCG Development Acquires School In Fairhaven MA For $10.5M With Lender Rockland Trust

347 Main Street, Fairhaven, Massachusetts, USA

$10,500,000

$3,187/SF

Building Size

3,294 SF

Asset Type

Other

Closing

Apr 8, 2021

About this deal

AI

The property involved in this transaction is a school located at 347 Main Street in Fairhaven, MA. The loan amount for this transaction is $10,500,000. The landlord of the property is SCG Development, represented by Keith McDonald. The lender for this transaction is Rockland Trust, represented by John Quintal.

Summary of transaction details

  • Property Type: School
  • Transaction Amount: $10,500,000
  • Address: 347 Main Street, Fairhaven, MA
  • Landlord: SCG Development - Keith McDonald
  • Lender: Rockland Trust - John Quintal

The key individuals involved in this deal are Keith McDonald who represents SCG Development as the landlord and John Quintal who represents Rockland Trust as the lender. They played crucial roles in facilitating this loan transaction for the school property at 347 Main Street in Fairhaven, MA.

Players

Rockland Trust
Rockland TrustLender

Fairhaven Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

Deal FAQ

About $3.2K per square foot on a published $10.5M for 3,294 square feet (2021).

Browse Massachusetts other loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets