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Dan Lyons Of Rockport Mortgage Corporation Facilitates $8.7M Loan For Independence Manor II LLC In Braintree
FINANCED
$8,700,000
Massachusetts
See Similar DealsSenior Housing
Financed 10/21/2025
FINANCED
Dan Lyons Of Rockport Mortgage Corporation Facilitates $8.7M Loan For Independence Manor II LLC In Braintree
41 53 Independence Avenue
See Similar DealsSenior Housing
Financed 10/21/2025
Summary
MASSACHUSETTS
Asset Type:Senior Housing
Transaction Type:Loan
The property asset involved in the transaction is a 50-unit senior housing facility located at 41-53 Independence Avenue in Braintree, MA. The loan closed amounts to $8,700,000, which is aimed at refinancing the property under the ownership of Independence Manor II LLC.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $8,700,000
- Address: 41-53 Independence Avenue
- Market: Braintree, MA
- Lender: Dan Lyons - Rockport Mortgage Corporation via MassHousing
- Landlord: Independence Manor II LLC
- Units: 50
Dan Lyons of Rockport Mortgage Corporation was responsible for arranging the financing through MassHousing’s lending program, facilitating the refinance for Independence Manor II LLC.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,700,000.00
Monthly NOI$58,000.00
Monthly Debt Service$54,989.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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