Robert Damigella Secures $1.35M Loan For Multifamily Property On Angell Street In Providence, RI
FINANCED
$1,350,000
Rhode Island
See Similar DealsMultiFamily6,978 SF
Financed 04/01/2021
FINANCED
Robert Damigella Secures $1.35M Loan For Multifamily Property On Angell Street In Providence, RI
217 Angell Street, Providence, RI 02906
See Similar DealsMultiFamily6,978 SF
Financed 04/01/2021
Summary
RHODE ISLAND
Asset Type:MultiFamily
Price Per Square Foot:$193
Total Square Footage:6,978 SF
Transaction Type:Loan
The multifamily property located at 217 Angell Street in Providence, RI has recently undergone a closed transaction. The property consists of 9 units and has been the subject of a loan. No additional information is available regarding the property's characteristics or market value.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Loan Amount: $1,350,000
- Loan Terms: 14-year loan, features a fixed interest rate of 3.6% for 7 years and a 30-year amortization schedule
- Broker: Robert Damigella - Marcus & Millichap Capital Corporation
The loan for this transaction amounts to $1,350,000 and features a fixed interest rate of 3.6% for the first 7 years. The loan has a 14-year term and follows a 30-year amortization schedule. Robert Damigella, representing Marcus & Millichap Capital Corporation, acted as the broker for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,350,000.00
Monthly NOI$9,000.00
Monthly Debt Service$8,532.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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