Fantini & Gorga Arrange $1.865M Loan For Learning Facility In Peabody, MA
FINANCED
$1,865,000
Massachusetts
See Similar DealsOther10,132 SF
Financed 04/29/2021
FINANCED
Fantini & Gorga Arrange $1.865M Loan For Learning Facility In Peabody, MA
520 Lowell Street, Peabody, Massachusetts, USA
See Similar DealsOther10,132 SF
Financed 04/29/2021
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$184
Total Square Footage:10,132 SF
Transaction Type:Loan
A learning facility located at 520 Lowell Street in Peabody, MA recently underwent a closed property transaction. The property spans 10,132 square feet and sits on 1.84 acres of land. The transaction took place on 04/29/2021, with John Gorga & Lindsay Feig representing the buyers. The property is a valuable asset in the market of Peabody, MA.
Summary of transation details
- Property Type: Learning Facility
- Transaction Amount: $1,865,000
- Address: 520 Lowell Street, Peabody, MA
- Market: Peabody, MA
- Square Footage: 10,132
- Acres: 1.84
John Gorga & Lindsay Feig from Fantini & Gorga served as the brokers in this transaction. They played a crucial role in facilitating the deal and ensuring a successful outcome for both parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,865,000.00
Monthly NOI$12,433.33
Monthly Debt Service$11,788.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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