Fantini & Gorga Brokers Secure $2.5M Loan For Mixed-Use Property On Westminster Street In Providence, RI
FINANCED
$2,500,000
Rhode Island
See Similar DealsMixed-use1,400 SF
Financed 03/12/2021
FINANCED
Fantini & Gorga Brokers Secure $2.5M Loan For Mixed-Use Property On Westminster Street In Providence, RI
204 Westminster Street, Providence, RI, USA
See Similar DealsMixed-use1,400 SF
Financed 03/12/2021
Summary
RHODE ISLAND
Asset Type:Mixed-use
Price Per Square Foot:$1,785
Total Square Footage:1,400 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,500,000.00
Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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