Updated May 12, 2025
Sean Kelly-Rand Of RD Advisors Grants $2.6M Rehabilitation Loan For Newton SFR
190 Mt Vernon St Newton, MA 02465, USA
$2,551,000
$543/SF
Building Size
4,693 SF
Asset Type
Single Family Residence
Closing
May 19, 2023
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 190 Mount Vernon Street in Newton, MA. The asset spans a total square footage of 4,693 and has a rehabilitation loan amount of $2,551,000 associated with it.
Summary of transation details:
- Property Type: SFR
- Transaction Amount: $2,551,000
- Asset Address: 190 Mount Vernon Street
- Market: Newton, MA
- Lender: Sean Kelly-Rand - RD Advisors
- Landlord: James Fuller
- Loan Type: Rehabilitation
Sean Kelly-Rand from RD Advisors represents the lender in this transaction, while the landlord is identified as James Fuller. RD Advisors is currently accepting loan requests for non-owner-occupied residential and commercial properties in Massachusetts, offering a streamlined application process through their website.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93