Bratt LLC Secures $11 Million Loan From MassDevelopment And BankFive For 199 Barnstable Road

The property asset involved in the context is a development site located at 199 Barnstable Road in Hyannis, MA. Bratt, LLC is the landlord associated with this property. The financing for the project totals $11,000,000, provided jointly by BankFive and MassDevelopment. The development will comprise 45 mixed-income rental units, which include 40 market-rate and 5 affordable units, contributing to the expansion of housing supply in Cape Cod.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Address: 199 Barnstable Road
• Market: Hyannis, MA
• Lender: BankFive & MassDevelopment
• Landlord: Bratt, LLC

MassDevelopment and BankFive are facilitating the financing arrangement for Bratt, LLC to develop the Barnstable Flats project, which is expected to be completed in the second quarter of 2026. This initiative is a part of a broader effort to address housing needs in the region.