Updated Dec 21, 2023
FinanceBoston Arranges $7.99M Construction Loan For SFR In Nantucket, MA
4 Mariner Way, Nantucket, Massachusetts 02554, United States
$7,990,000
$1,059/SF
Building Size
7,545 SF
Asset Type
Single Family Residence
Closing
Oct 26, 2022
About this deal
AI
A construction loan worth $7,990,000 was secured for the single-family residential property located at 4 & 6 Mariners Way in Nantucket, MA. This property, spanning 7,545 square feet, is set in a prime location within the market. The loan was facilitated by FinanceBoston, with Doug Landry and Courtney Lyons representing the agency in the deal.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $7,990,000
- Address: 4 & 6 Mariners Way, Nantucket, MA
- Market: Nantucket, MA
- Asset Type: SFR
- Square Footage: 7,545
FinanceBoston, led by Doug Landry and Courtney Lyons, played a key role in securing the $7,990,000 construction loan for the property at 4 & 6 Mariners Way. The loan will support the construction and development of the single-family residence in Nantucket, adding value to the local real estate market.
Players
Nantucket Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Deal FAQ
Visit FinanceBoston to view all their deals.
Browse Massachusetts single family residence loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.99%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93