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$9.3M Acquisition Of 35-Suite Boutique Hotel At 371 Beacon Street Financed By Beacon Bank & Trust
FINANCED
$7,750,000
Massachusetts
See Similar DealsHotel
Financed 11/21/2025
FINANCED
$9.3M Acquisition Of 35-Suite Boutique Hotel At 371 Beacon Street Financed By Beacon Bank & Trust
371 Beacon Street
See Similar DealsHotel
Financed 11/21/2025
Summary
MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Loan
A stalled 35-suite boutique hotel located at 371 Beacon Street in Somerville, MA, was sold for $9.3 million. The acquisition was financed with a loan amount of $7.75 million provided by Beacon Bank & Trust.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $9.3 million
- Loan Amount: $7.75 million
- Loan Type: Acquisition
- Date of Loan: 11/21/2025
- Lender: Beacon Bank & Trust
- Address: 371 Beacon Street
- Market: Somerville, MA
This transaction involved a significant collaboration between the buyer and Beacon Bank & Trust, which was instrumental in facilitating the financing necessary for the acquisition of this property. The transaction reflects a strategic investment in the hospitality sector within the local market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,750,000.00
Monthly NOI$51,666.67
Monthly Debt Service$48,985.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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