NorthMarq Provides $10.5M Loan For 111-Unit Multifamily In Hyannis
FINANCED
$10,500,000
New York
See Similar DealsMultiFamily125,280 SF
Financed 09/02/2020
FINANCED
NorthMarq Provides $10.5M Loan For 111-Unit Multifamily In Hyannis
290 W Main St, Hyannis, Ma 02601, Usa
See Similar DealsMultiFamily125,280 SF
Financed 09/02/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$83
Total Square Footage:125,280 SF
Transaction Type:Loan
The multifamily property located at 290 West Main Street in Hyannis, MA was involved in a closed transaction. The loan for this property was provided by northmarq''>NorthMarq, with Jeffrey Munoz representing the lender.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Address: 290 West Main Street
- Market: Hyannis, MA
The property consists of 111 units, making it a significant investment opportunity in the multifamily sector. Jeffrey Munoz from NorthMarq played a key role as the lender's representative in facilitating this transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,500,000.00
Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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