Updated May 12, 2025
Related Companies Refinances Development Site In Boston, MA For $72.5M
75 Morrissey Boulevard
$72,500,000
Building Size
—
Asset Type
Development Site
Closing
Apr 7, 2022
About this deal
AI
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
Boston Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Browse Boston development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93