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Scott Green Secures $1.265M Bridge Loan For Single-Family Homes Development In Medford MA

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FINANCED
$1,265,000

Massachusetts

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Single Family Residence1,450 SF
Financed 01/21/2025
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FINANCED

Scott Green Secures $1.265M Bridge Loan For Single-Family Homes Development In Medford MA

70 Tainter Street

See Similar Deals
Single Family Residence1,450 SF
Financed 01/21/2025
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$872
Total Square Footage:1,450 SF
Transaction Type:Loan

The property asset involved in this transaction is a single-family residence located at 70 Tainter Street, Medford, MA, with a total square footage of 3,450. The loan amount provided for this asset is $1,265,000, classified as a bridge loan.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $1,265,000
  • Lender: Eli Rofeim & Sean Kelly-Rand - RD Advisors
  • Landlord: Scott Green
  • Loan Type: Bridge

This transaction involves the development of two single-family homes by the developer, which is a key aspect of the project. RD Advisors emphasizes that they are accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts.

Players

Sean Kelly-Rand
Sean Kelly-Rand
85 deals$113.2M volume
LENDER

Details

FINANCED
IMAGE: Sean Kelly-Rand DATE: 02/21/2025 ADDRESS: 70 Tainter Street MARKET: Medford, MA ASSET TYPE: SFR ~ SF: 3,450 LENDER: Eli Rofeim & Sean Kelly-Rand - RD Advisors (@RD.Advisors) LANDLORD: Scott Green LOAN AMOUNT: $1,265,000 LOAN TYPE: Bridge NOTE FROM LENDER: For this project, the developer is building two single-family homes, with a combined square footage of 3,450. RD Advisors is accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts! Submit a deal in under 5 minutes through our website (www.rd.loans).

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,265,000.00

Monthly NOI$8,433.33
Monthly Debt Service$7,995.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00