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POB Capital Secures $56.5M Refinance From Sonny Kalsi For Dorchester Development Site
FINANCED
$56,500,000
Massachusetts
See Similar DealsDevelopment Site
Financed 04/28/2025
FINANCED
POB Capital Secures $56.5M Refinance From Sonny Kalsi For Dorchester Development Site
Morrissey Blvd
See Similar DealsDevelopment Site
Financed 04/28/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Loan
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.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$56,500,000.00
Monthly NOI$376,666.67
Monthly Debt Service$357,118.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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