Updated Mar 11, 2025
RD Advisors Provides $420K Rehabilitation Loan For Lynn, MA SFR On Colonial Ave
28 Colonial Avenue, Lynn, Massachusetts 01904, United States
$420,000
$333/SF
Building Size
1,261 SF
Asset Type
Single Family Residence
Closing
Mar 15, 2022
About this deal
AI
Located at 28 Colonial Ave in Lynn, MA, this single-family home offers a total of 1,261 square feet of living space. The property was recently involved in a closed transaction.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $420,000
- Market: Lynn, MA
- Asset Type: Single-Family Home
- Square Footage: 1,261
RD Advisors, represented by Sean Kelly-Rand, acted as the lender for this transaction. The loan was granted in the amount of $420,000 and was categorized as a rehabilitation loan. If you have a non-owner occupied residential or commercial property in Massachusetts, RD Advisors is currently accepting loan requests. You can easily submit a deal through their website within just 5 minutes (www.rd.loans).
Players
Lynn 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
37.77%
Cash-on-Cash
-10.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93