Updated Sep 9, 2024
Crowd Lending, Inc Provides $1.9M Refinance Loan For SFR At 237 Old Main Road, North Falmouth
237 Old Main Rd North Falmouth, MA 02556, USA
$1,968,840
$315/SF
Building Size
6,240 SF
Asset Type
Single Family Residence
Closing
May 17, 2023
About this deal
AI
A single-family residence located at 237 Old Main Road in North Falmouth, MA has recently closed on a loan transaction. The property boasts a total of 6,240 square feet and is owned by Brad Hanley. The loan for this transaction was provided by Crowd Lending, Inc and facilitated by broker Robert Nichols from MIG.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,968,840
- Borrower: Brad Hanley
- Lender: Crowd Lending, Inc
- Loan Type: Refinance
- Broker: Robert Nichols - MIG
- Market: North Falmouth, MA
Players
Boston Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.06%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93