Updated Oct 28, 2024
Madison Realty Capital Provides $345M Construction Loan For 22-Story Residential And Retail Condominium On Seaport Blvd, Boston, MA
150 Seaport Boulevard, Boston, Massachusetts 02210, United States
$345,000,000
$33,787/SF
Building Size
10,211 SF
Asset Type
Co-Op
Closing
Jan 12, 2022
About this deal
AI
The property involved in this transaction is a 22-story, 114-unit Residential and Retail Condominium located at 150 Seaport Blvd in Boston, MA. It spans a total area of 10,211 square feet. The deal was closed on 01/12/2022.
Summary of transaction details:
- Property Type: 22-story Residential and Retail Condominium
- Transaction Amount: $345,000,000
- Address: 150 Seaport Blvd, Boston, MA
- Market: Boston, MA
- Lender: Madison Realty Capital - Josh Zegen
- Landlord: Cronin Development - Jon Cronin
- Loan Type: Construction & Inventory Financing
The lender involved in this transaction is Madison Realty Capital, represented by Josh Zegen. The landlord is Cronin Development, represented by Jon Cronin.
Players
Boston Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
Loading comparables…
Deal FAQ
Browse Massachusetts co op loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93