Norwood Bank Provides $7.9M Refinance Loan For Retail Property On Washington St
FINANCED
$7,988,000
Massachusetts
See Similar DealsRetail6,665 SF
Financed 05/24/2020
FINANCED
Norwood Bank Provides $7.9M Refinance Loan For Retail Property On Washington St
884 Washington Street, Norwood, Massachusetts, USA
See Similar DealsRetail6,665 SF
Financed 05/24/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$1,198
Total Square Footage:6,665 SF
Transaction Type:Loan
Located at 884 Washington Street in Norwood, MA, this retail property recently underwent a refinancing transaction. The loan amount for this deal was $7,988,000, provided by Norwood Bank.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,988,000
- Loan Type: Refinance
- Loan Terms: 3.75% Fixed Interest | 25-Year Loan
- Lender: Norwood Bank
- Broker: Robert Damigella - Marcus & Millichap Boston
Represented by Robert Damigella from Marcus & Millichap Boston, this refinancing deal for the retail property on 884 Washington Street in Norwood, MA was successfully executed, securing a loan with a fixed interest rate of 3.75% over a 25-year term.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,988,000.00
Monthly NOI$53,253.33
Monthly Debt Service$50,489.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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