Willow Baker Two LLC Secures $39M Construction Loan From Earlsfort US Real Estate In Dorchester
75 Willow Court
$39,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 24, 2025
AI
The asset involved in this transaction is a development site located at 75 Willow Court in Dorchester, MA. The property is set for a multifamily project, which is designed as a 6-story building with over 80 units as part of a larger 191-unit, 3-building development near South Bay Center. The construction loan secured for this project amounts to $39,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $39,000,000
- Lender: Amos Beason & Paul Brophy - Earlsfort US Real Estate
- Landlord: Willow Baker Two LLC
- Broker: Brian Rooney - FinanceBoston
- Loan Type: Construction
The key individuals in this transaction include the lender representatives Amos Beason and Paul Brophy from Earlsfort US Real Estate, and Brian Rooney from FinanceBoston who arranged the loan. The landlord involved in this project is Willow Baker Two LLC, which has secured this financing for their development initiative.
Players
Dorchester Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93