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Cambridge Massachusetts, Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $3,000,000 on the Harvard Street Apartments on behalf the owner 331-331A Harvard Street LLC.

 



 

 

   

The property, managed by the client, is a multi-family property consisting of 26 units.   The building was constructed in 1918 and the current owners have owned it for decades. The unit mix, consists of spacious one and two bedroom units. The owners, over the past two years systematically renovated the units and have modified some of the floor plans. 

 

 

 

   

    

The property is well managed and maintained and in excellent condition. The location is most advantageous to the residents, with not only easy access to travel routes but to retail and professional centers as well.

 

The rate on the $3,000,000 loan is 5.05%, fixed for ten years amortized over 30 and is non-recourse.

 

 
 

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