Updated Sep 5, 2024
FinanceBoston Arranges $7.99M Construction Loan For SFR In Nantucket, MA
4 Mariner Wy Nantucket, MA 02554
$7,990,000
$1,059/SF
Building Size
7,545 SF
Asset Type
Single Family Residence
Closing
Oct 27, 2022
About this deal
AI
An SFR property located at 4 and 6 Mariners Way in Nantucket, MA, was involved in a recent loan transaction. The property has a total square footage of 7,545.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,990,000
- Loan Type: Construction
The loan for the property was facilitated by FinanceBoston, represented by Doug Landry and Courtney Lyons.
The single family residence loan at 4 Mariner Wy Nantucket, MA 02554 in Nantucket, Massachusetts financed for $8M in 2022. The building is 7,545 square feet, implying about 1.1K per square foot on the published price. Courtney Lyons, Doug Landry, FinanceBoston appear on the loan alongside FinanceBoston. This page is the Nantucket, Massachusetts file for the 4 Mariner Wy Nantucket, MA 02554 single family residence financed: pricing, party profiles, and other closed single family residence comps from the same Nantucket sit in the Market section below. Filter that Nantucket single family residence set by closing date to see what else financed near 4 Mariner Wy Nantucket, MA 02554 around 2022. Published consideration for 4 Mariner Wy Nantucket, MA 02554 is $8M, dated 2022. Cite this FinanceBoston Arranges $7.99M Construction Loan For SFR In Nantucket, MA loan when underwriting similar single family residence product around Nantucket, Massachusetts.
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
1.99%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93