Updated Oct 28, 2024
JIC Properties, LLC Secures $3.2M Loan For Residential Properties In Providence, RI
226 Dean St, Providence, Rhode Island 02903, United States
$3,200,000
Building Size
—
Asset Type
Co-Op
Closing
Mar 10, 2022
About this deal
AI
226-230 Dean Street & 75 Governor St, located in Providence, RI, was involved in a recent closed property transaction. The residential property, owned by JIC Properties, LLC, had a loan issued by Bank Rhode Island, with Andrew Deluski serving as the lender's representative. The loan amount for this transaction was $3,200,000.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $3,200,000
- Lender: Bank Rhode Island - Andrew Deluski
- Landlord: JIC Properties, LLC
The deal's key individuals and companies involved in this transaction were Andrew Deluski from Bank Rhode Island and JIC Properties, LLC as the property owner. They facilitated the loan of $3,200,000 for the residential property located at 226-230 Dean Street & 75 Governor St in Providence, RI.
Players
Providence Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93