POB Capital Secures $56.5M Refinance From Sonny Kalsi For Dorchester Development Site

The property asset involved in this context is a development site located at 35-55 Morrissey Boulevard in Dorchester, MA. The refinancing transaction amounts to $56,500,000, with plans for the site including 754 residential units, 6,500 square feet of retail space, 7,450 square feet of community space, and a central park.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $56,500,000
• Lender: Sonny Kalsi - BentallGreenOak
• Landlord: POB Capital
• Loan Type: Refinance

Key individuals involved in this deal include Sonny Kalsi, representing the lender BentallGreenOak, and POB Capital, representing the landlord in this refinancing transaction.