RD Advisors Provides $1.41M Acquisition Loan For Multifamily Property In Newton, MA
26 John Street
Building Size
—
Asset Type
—
Closing
Aug 9, 2022
About this deal
AI
The multifamily property located at 26 John Street in Newton, MA has recently undergone a closed transaction. The deal was supported by RD Advisors, a lender specializing in non-owner occupied residential and commercial properties in Massachusetts. The loan request for this acquisition was successfully processed by RD Advisors, with a loan amount of $1,410,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Lender: RD Advisors - Sean Kelly-Rand
- Loan Type: Acquisition
RD Advisors, led by Sean Kelly-Rand, is a trusted name in the lending industry, offering financing solutions for non-owner occupied residential and commercial properties. Their expertise and efficient loan processing system ensure a seamless experience for borrowers in Massachusetts. RD Advisors is dedicated to providing fast and reliable funding, helping investors and property owners achieve their financial goals.
For non-owner occupied residential and commercial property financing needs in Massachusetts, individuals and businesses can reach out to RD Advisors through their website at www.rd.loans. Their streamlined process allows borrowers to submit a deal request in under 5 minutes, facilitating a quick and efficient loan application.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93