Ocean Block Capital Secures $1.8M Acquisition Loan For Norwell Retail Property With Mag Mile Capital - Matt Weilgus
69 Washington Street
Retail
3,600 SF
3,600 SF
Financed 1 year ago
Summary
A retail property located at 69 Washington Street in Norwell, MA has been acquired through a loan transaction. The property spans 3,600 square feet and is situated in the Norwell market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,800,000
- Address: 69 Washington Street, Norwell, MA
- Market: Norwell, MA
- Loan Type: Acquisition
- Lender: Mag Mile Capital - Matt Weilgus
- Borrower: Ocean Block Capital
- Loan Amount: $1,800,000
- Loan Terms: The five-year loan features two years of interest-only payments, a 25-year amortization schedule, and a fixed interest rate of 3.65% for the duration of the five-year term. The loan-to-value ratio is 80%.
Mag Mile Capital, represented by Matt Weilgus, acted as the lender in this transaction. On the borrower's side, Ocean Block Capital was involved in the acquisition.
Details
View on map
Loading...
69 Washington Street
Comparables
Reset filters to show results.