Updated Oct 24, 2025
Dan Lyons Of Rockport Mortgage Corporation Facilitates $8.7M Loan For Independence Manor II LLC In Braintree
41 53 Independence Avenue
$8,700,000
Units
50
Asset Type
Senior Housing
Closing
Oct 21, 2025
About this deal
AI
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.
On the Map
$8,700,000
Senior Housing
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93