Fantini & Gorga Brokers Secure $2.5M Loan For Mixed-Use Property On Westminster Street In Providence, RI
204 Westminster Street, Providence, RI, USA
$2,500,000
$1,785/SF
Building Size
1,400 SF
Asset Type
Mixed-use
Closing
Mar 11, 2021
AI
204 Westminster Street in Providence, RI, has recently been involved in a closed transaction. The property is a mixed-use asset, and the deal was facilitated by brokers Derek Coulombe and Lindsay Feig of Fantini & Gorga. The transaction date was on March 12, 2021. The loan amount for this deal was $2,500,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 204 Westminster Street
- Market: Providence, RI
Derek Coulombe and Lindsay Feig from Fantini & Gorga were the brokers involved in this transaction. They represented the parties in the deal. The loan amount of $2,500,000 played a significant role in this closed transaction.
Players
Providence Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93