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
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.
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