M&T Bank Lends $2.46M To Jazz Urbane Cafe LLC For Boston Jazz Club And Restaurant

The transaction involves a commercial property located at 2300 Washington Street in Boston, MA. Jazz Urbane Cafe LLC is the landlord for the property where a national jazz club and restaurant will be established, supported by a total financing package of $2,460,000. The property is situated in Nubian Square, aiming to enhance the local market with its offerings.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $2,460,000
• Lender: M&T Bank
• Additional Lenders: Navjeet Bal - MassDevelopment, The Boston Foundation, City of Boston
• Landlord: Jazz Urbane Cafe LLC

The financing package is a collaborative effort from MassDevelopment, M&T Bank, the City of Boston, and The Boston Foundation, aimed at creating new jobs within the community through the establishment of the club and restaurant.