Related Companies Refinances Development Site In Boston, MA For $72.5M
FINANCED
$72,500,000
Massachusetts
See Similar DealsDevelopment Site
Financed 04/07/2022
FINANCED
Related Companies Refinances Development Site In Boston, MA For $72.5M
75 Morrissey Boulevard
See Similar DealsDevelopment Site
Financed 04/07/2022
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
35-55 & 75 Morrissey Blvd. is an 8.66-acre development site located in Boston, MA. The property was involved in a refinance transaction, with a loan amount of $72,500,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $72,500,000
- Lender: Related Companies - Jeff Blau & Bruce Beal
- Landlord: Center Court Mass
- Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
- Loan Type: Refinance
The transaction prominently features the involvement of key individuals including Jeff Blau and Bruce Beal representing Related Companies as lenders, alongside brokers Jordan Roeschlaub and Dustin Stolly from Newmark managing the deal.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$72,500,000.00
Monthly NOI$483,333.33
Monthly Debt Service$458,249.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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