Updated Mar 11, 2025
Sean Kelly-Rand Refinances Nantucket SFR With $1.87M Loan From RD Advisors
3 Kite Hill Ln Nantucket, MA 02554, USA
$1,870,000
$824/SF
Building Size
2,268 SF
Asset Type
Single Family Residence
Closing
Jul 27, 2023
About this deal
AI
A single-family home located at 3 Kite Hill Lane in Nantucket, MA, has recently undergone a refinancing transaction. The property spans over 2,268 square feet and is owned by Patrick Planche, who secured a loan from Sean Kelly-Rand of RD Advisors for a total amount of $1,870,000.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $1,870,000
- Address: 3 Kite Hill Lane, Nantucket, MA
- Market: Nantucket, MA
- Lender: Sean Kelly-Rand - RD Advisors
- Landlord: Patrick Planche
- Loan Type: Refinance
RD Advisors, represented by Sean Kelly-Rand, provided the refinancing loan for Patrick Planche's single-family home at 3 Kite Hill Lane in Nantucket, MA. This transaction allows Planche to leverage the property's value and access capital for various purposes.
Players
Nantucket 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
8.48%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93