Walter L. Bronhard Real Estate Secures $2.55M Loan For Multifamily Property In Providence, RI
FINANCED
$2,550,000
Rhode Island
See Similar DealsMultiFamily
Financed 12/10/2021
FINANCED
Walter L. Bronhard Real Estate Secures $2.55M Loan For Multifamily Property In Providence, RI
130 Waterman Street, Providence, Rhode Island 02906, United States
See Similar DealsMultiFamily
Financed 12/10/2021
Summary
RHODE ISLAND
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 130 Waterman St in Providence, RI has been involved in a recent closed transaction. The property, owned by Walter L. Bronhard Real Estate, was the subject of a loan agreement.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Lender: Bank Rhode Island - Andrew Deluski
Andrew Deluski from Bank Rhode Island provided a loan amount of $2,550,000 for the transaction. The loan facilitated the exchange of ownership for the multifamily property at 130 Waterman St. Walter L. Bronhard Real Estate served as the landlord in this transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,550,000.00
Monthly NOI$17,000.00
Monthly Debt Service$16,117.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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