Updated Oct 28, 2024
Cathedral Development Group, Inc Refinances Multifamily Property In Woonsocket, RI For $7.9M
1 Main Street, Woonsocket, RI, USA
$7,900,000
$69/SF
Building Size
113,082 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
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Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,900,000
- Address: 1 Main Street, Woonsocket, RI
- Market: Woonsocket, RI
- Number of Units: 117
A multifamily property located at 1 Main Street in Woonsocket, RI, has recently undergone a loan refinance. The loan was facilitated by BankRI, with Andrew Deluski serving as the lender's representative. The loan amount for this transaction was $7,900,000.
The landlord for this property is Cathedral Development Group, Inc, represented by Rob Gaudreau, Jr. and Scott Gaudreau. The transaction took place on 10/08/2021.
Players
Woonsocket 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93