Updated Feb 16, 2024
Greystone Refinances Multifamily Property In Westerly, RI For $14.9M
25 Clark Street, Westerly, Rhode Island 02891, United States
$14,920,000
Units
116
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
Located at 25 Clark St in Westerly, RI, this multifamily property consists of 116 units. The property was recently involved in a loan refinance transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,920,000
- Loan Type: Refinance
The lender for this transaction was greystone''>Greystone, represented by Lisa Fischman. The landlord of the property is Robert E. Liguori.
For more information, please refer to the Instagram post here.
The multifamily loan at 25 Clark Street, Westerly, Rhode Island 02891, United States in Westerly, Rhode Island financed for $14.9M in 2022. Reported inventory is 116 units across 116 units. Greystone appears on the loan alongside Greystone. This page is the Westerly, Rhode Island file for the 25 Clark Street, Westerly, Rhode Island 02891, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Westerly sit in the Market section below. Filter that Westerly multifamily set by closing date to see what else financed near 25 Clark Street, Westerly, Rhode Island 02891, United States around 2022. Published consideration for 25 Clark Street, Westerly, Rhode Island 02891, United States is $14.9M, dated 2022. Cite this Greystone Refinances Multifamily Property In Westerly, RI For $14.9M loan when underwriting similar multifamily product around Westerly, Rhode Island.
Westerly 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93