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255 Main Street

Crowd Lending Inc Refinances Multifamily Property In Pawtucket, RI For $3.8M
FINANCEDMultiFamily

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

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.

Players

Robert Nichols

MIG Realty

Broker

$69M

vol

44 deals

Broker
Crowd Lending
Crowd LendingLender

Pawtucket MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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