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Florence Bank Provides $9.6 Million Loan For Harvard Square Property Deal In Cambridge MA
FINANCED
$9,600,000
Massachusetts
See Similar DealsCommercial
Financed 10/02/2025
FINANCED
Florence Bank Provides $9.6 Million Loan For Harvard Square Property Deal In Cambridge MA
30 Brattle Harvard & 99 Mount Auburn Street
See Similar DealsCommercial
Financed 10/02/2025
Summary
MASSACHUSETTS
Asset Type:Commercial
Transaction Type:Loan
A commercial asset located at 30 Brattle Harvard & 99 Mount Auburn Street in Cambridge, MA was involved in a financing deal. The property was part of a $16.1 million transaction, which received a loan of $9.6 million from Florence Bank.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $9,600,000
- Address: 30 Brattle Harvard & 99 Mount Auburn Street
- Market: Cambridge, MA
- Lender: Florence Bank
The financing for the Harvard Square property was orchestrated by Florence Bank providing the loan. This transaction reflects a strategic financing move for the asset's stakeholders.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,600,000.00
Monthly NOI$64,000.00
Monthly Debt Service$60,678.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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