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1 River Street

Eastern Bank Camden National Bank Salem Five Bank Provides $76.2M Loan For Development Site In Dover NH
FINANCEDDevelopment Site

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:

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

Bryan Koop

Colliers

Broker

$697.3M

vol

9 deals

Broker
Camden National Bank
Camden National BankLender

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