Colin Kelly-Rand & Sean Kelly-Rand Of RD Advisors Provide $1.4M Construction Loan For Retail In Newton
FINANCED
$1,400,000
Massachusetts
See Similar DealsRetail2,500 SF
Financed 09/04/2025
FINANCED
Colin Kelly-Rand & Sean Kelly-Rand Of RD Advisors Provide $1.4M Construction Loan For Retail In Newton
80 Union Street
See Similar DealsRetail2,500 SF
Financed 09/04/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$560
Total Square Footage:2,500 SF
Transaction Type:Loan
The property asset involved in this transaction is a retail space, located at 80 Union Street in Newton, MA. It encompasses a total area of 2,500 square feet and secures a loan amount of $1,400,000 designated for construction purposes.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000
- Lender: Colin Kelly-Rand & Sean Kelly-Rand - RD Advisors
- Landlord: Anthony Orville Killough
- Loan Type: Construction
- Date: 9/03/2025
This transaction features Colin Kelly-Rand and Sean Kelly-Rand as the lenders, representing RD Advisors, who are currently accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts. The landlord involved in this deal is Anthony Orville Killough.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,400,000.00
Monthly NOI$9,333.33
Monthly Debt Service$8,848.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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