Christopher J. Roche Of Crowd Lending Inc. Provides $1.26M Loan For Acquisition In Nahant
5 Cottage Street
$1,263,500
$629/SF
Building Size
2,008 SF
Asset Type
Single Family Residence
Closing
May 22, 2025
AI
The property asset involved in the transaction is a single-family residence located at 5 Cottage Street, Nahant, MA, with a total square footage of 2,008. The loan amount for this property acquisition is $1,263,500, and it falls under one-year loan terms.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,263,500
- Loan Type: Acquisition
- Loan Terms: One Year
- Lender: Christopher J. Roche - Crowd Lending Inc.
The deal features Christopher J. Roche as the representative from Crowd Lending Inc., a Boston-based private mortgage lender that specializes in funding the acquisition and renovation of investment properties. Crowd Lending Inc. is known for providing ease, speed, and simplicity in closing transactions, typically within 3-5 days.
Players
Nahant Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.55%
Cash-on-Cash
-3.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93