Eastern Bank Camden National Bank Salem Five Bank Provides $76.2M Loan For Development Site In Dover NH
1 River Street
$76,200,000
Building Size
—
Asset Type
Development Site
Closing
Aug 2, 2024
AI
The asset involved in this transaction is a development site located at 1 River Street, Dover, NH. The transaction includes a loan specifically designated for construction purposes, amounting to $76,200,000.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $76,200,000
- Lender: Eastern Bank, Camden National Bank & Salem Five Bank
- Brokers: Bryan Koop, Matthew Lombardi Jr, Sean Burke & Jeffrey Black - Colliers International
- Loan Type: Construction
The brokers representing the transaction are Bryan Koop, Matthew Lombardi Jr, Sean Burke, and Jeffrey Black from Colliers International, showcasing a collaboration of professionals in facilitating this loan agreement.
Players
Dover Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93