FinanceBoston Arranges $1.2M Acquisition Loan For Retail Property On Bedford St
173 Bedford Street, Burlington, Massachusetts 01803, United States
$1,224,000
Building Size
—
Asset Type
Retail
Closing
Aug 1, 2022
AI
A retail property located at 173 Bedford St in Burlington, MA has been involved in a recent closed transaction. The property was acquired through a loan with a loan amount of $1,224,000. The acquisition loan was sourced by Jake Cremmen (Jake_Cremmen_FB) of FinanceBoston.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,224,000
- Address: 173 Bedford St, Burlington, MA
- Market: Burlington, MA
Jake Cremmen from FinanceBoston played a key role in securing the loan for this acquisition. The loan type was specifically for the purpose of acquiring the retail property at 173 Bedford St in Burlington, MA.
Players
Burlington Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.96%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93