Updated Mar 11, 2025
RD Advisors Provides $620K Acquisition Loan For SFR In Worcester, MA
345 Park Avenue, Worcester, Massachusetts 01610, United States
$620,000
$165/SF
Building Size
3,740 SF
Asset Type
Single Family Residence
Closing
Mar 10, 2022
About this deal
AI
The property involved in the transaction is a single-family residence (SFR) located at 345 Park Ave in Worcester, MA. It has a total square footage of 3,740. The transaction was completed on 03/11/2022.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $620,000
- Lender: RD Advisors
- Lender's Representative: Sean Kelly-Rand
- Loan Type: Acquisition
The lender in this transaction was RD Advisors, represented by Sean Kelly-Rand. RD Advisors specializes in providing loans for non-owner occupied residential and commercial properties in Massachusetts. They are currently accepting loan requests through their website (www.rd.loans).
Players
Worcester 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
25.59%
Cash-on-Cash
-7.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93