Updated Oct 28, 2024
Crowd Lending Inc Provides $329.5K Construction Loan For SFR On Marion Street, Brockton, MA
24 Marion Street, Brockton, Massachusetts 02302, United States
$329,500
$212/SF
Building Size
1,551 SF
Asset Type
Single Family Residence
Closing
Oct 17, 2022
About this deal
AI
The property involved in this closed transaction is a single-family home located at 24 Marion Street in Brockton, MA. The property has a total area of 1,551 square feet. The transaction took place on October 18, 2022.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $329,500
- Market: Brockton, MA
- Lender: Crowd Lending Inc
- Broker: Robert Nichols - MIG
- Loan Amount: $329,500
- Loan Type: Construction
Robert Nichols of MIG represented the buyer in this transaction. Crowd Lending Inc served as the lender for the construction loan.
On the Map
$329,500
$212/SF
Single Family Residence
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Players
Brockton 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
48.14%
Cash-on-Cash
-13.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93