Cambridge Savings Bank Provides $20M Loan For School In Hingham, MA
FINANCED
$20,000,000
Massachusetts
See Similar DealsOther
Financed 07/07/2022
FINANCED
Cambridge Savings Bank Provides $20M Loan For School In Hingham, MA
75 Recreation Park Drive, Hingham, Massachusetts 02043, United States
See Similar DealsOther
Financed 07/07/2022
Summary
MASSACHUSETTS
Asset Type:Other
Transaction Type:Loan
The school located at 75 Recreation Park Dr in Hingham, MA has recently closed a loan transaction. The loan was provided by Cambridge Savings Bank, with Jessica Kouyoumjian representing the bank in the deal. The loan amount was $20,000,000.
Summary of transaction details
- Property Type: School
- Transaction Amount: $20,000,000
- Lender: Cambridge Savings Bank - Jessica Kouyoumjian
- Address: 75 Recreation Park Dr
- Market: Hingham, MA
This transaction highlights the involvement of Jessica Kouyoumjian, a representative from Cambridge Savings Bank, in securing the loan for the school located at 75 Recreation Park Dr in Hingham, MA.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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