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Willow Baker Two LLC Secures $39M Construction Loan From Earlsfort US Real Estate In Dorchester

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FINANCED
$39,000,000

Massachusetts

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Development Site
Financed 02/24/2025
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FINANCED

Willow Baker Two LLC Secures $39M Construction Loan From Earlsfort US Real Estate In Dorchester

75 Willow Court

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Development Site
Financed 02/24/2025
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Summary

MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan

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

Brian Rooney
10 deals$117.6M volume
BROKER

Details

FINANCED
IMAGE: Paul Brophy & Brian Rooney DATE: 02/24/2025 ADDRESS: 75 Willow Court MARKET: Dorchester, MA ASSET TYPE: Development Site LENDER: Amos Beason & Paul Brophy - Earlsfort US Real Estate LANDLORD: Willow Baker Two LLC BROKER: Brian Rooney (@Brian_Rooney_fb) - FinanceBoston (@FinanceBoston) LOAN AMOUNT: $39,000,000 LOAN TYPE: Construction NOTE: Willow Baker Two LLC secured a $39M construction loan from Earlsfort US Real Estate for a multifamily project at 75 Willow Court, Dorchester. Arranged by Brian Rooney of FinanceBoston, the 6-story, 80+ unit building is part of a larger 191-unit, 3-building development near South Bay Center.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$39,000,000.00

Monthly NOI$260,000.00
Monthly Debt Service$246,506.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00