Greg Collins Secures $1.25M Construction Loan From Alex Sigman & Sean Kelly-Rand In Medford MA
77 Wolcott Street
$1,257,000
$1,091/SF
Building Size
1,152 SF
Asset Type
Single Family Residence
Closing
Mar 23, 2025
AI
The property asset involved in this transaction is a single-family residence located at 77 Wolcott Street in Medford, MA. The total square footage of the asset is 2,873. The amount of the loan secured for this property is $1,257,000, classified as a construction loan.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,257,000
- Lender: Alex Sigman & Sean Kelly-Rand - RD Advisors
- Landlord: Greg Collins
- Loan Type: Construction Loan
- Date: 3/24/2025
The key individuals involved in the deal include Alex Sigman and Sean Kelly-Rand, who represent RD Advisors in this loan transaction, facilitating funding for the property owned by landlord Greg Collins.
Players
Medford 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
12.62%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93