Updated Dec 4, 2024
Crowd Lending Inc Refinances Multifamily Property In Pawtucket, RI For $3.8M
255 Main Street
$3,800,000
$147/SF
Building Size
25,736 SF
Asset Type
MultiFamily
Closing
Feb 8, 2024
About this deal
AI
The multifamily property located at 255 Main Street in Pawtucket, RI has undergone a loan transaction. The property spans approximately 25,736 square feet and consists of 31 units. The loan was facilitated by Crowd Lending Inc and the landlord involved in the transaction is Leslie Moore. The broker representing the deal is Robert Nichols from MIG Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Loan Type: Refinance
The loan amount for this transaction was $3,800,000. The purpose of the loan was to refinance the property. Robert Nichols from MIG Realty represented the deal as the broker. Leslie Moore acted as the landlord in the transaction.
On the Map
$3,800,000
$147/SF
MultiFamily
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Players
Pawtucket 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93