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Eastern Union Arranges $9.4M Construction Loan For Development Site At 100 River Street In Springfield, VT
FINANCED
$9,424,405
Vermont
See Similar DealsDevelopment Site
Financed 04/07/2025
FINANCED
Eastern Union Arranges $9.4M Construction Loan For Development Site At 100 River Street In Springfield, VT
100 River Street
See Similar DealsDevelopment Site
Financed 04/07/2025
Summary
VERMONT
Asset Type:Development Site
Transaction Type:Loan
The property asset involved is a development site located at 100 River Street in Springfield, VT. The asset is part of a multi-phase renovation project, and the total loan amount for the construction phase is $9,424,405. The market for this development site is identified as Springfield, VT.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,424,405
- Loan Type: Construction
- Date: 04/07/2025
- Brokers: David Merkin & Marc Tropp - Eastern Union
This transaction was facilitated by Eastern Union, with senior managing director Marc Tropp leading the arrangement of the construction-to-permanent refinancing specifically for the first phase of the renovation project at this location.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,424,405.00
Monthly NOI$62,829.37
Monthly Debt Service$59,568.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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