Updated Oct 28, 2024
Walter L. Bronhard Real Estate Secures $2.55M Loan For Multifamily Property In Providence, RI
130 Waterman Street, Providence, Rhode Island 02906, United States
$2,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 10, 2021
About this deal
AI
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.
Players
Providence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93