Updated Mar 11, 2025
NorthMarq Provides $10.5M Loan For 111-Unit Multifamily In Hyannis
290 W Main St, Hyannis, Ma 02601, Usa
$10,500,000
$83/SF
Building Size
125,280 SF
Asset Type
MultiFamily
Closing
Sep 1, 2020
About this deal
AI
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.
Hyannis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93