Barings Provides $84M Loan To Refinance Hotel Commonwealth In Boston, MA

Barings, a global real estate investment manager, has provided an $84 million loan to refinance Hotel Commonwealth in Boston, Massachusetts. The property is located at 500 Commonwealth Avenue and consists of a hotel with 245 keys. The loan was granted to support the ongoing operations and development of the hotel.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $84,000,000
• Address: 500 Commonwealth Avenue
• Market: Boston, MA
• Lender: Ryan Naumes - Barings
• Landlord: G. Christopher Smith - Ohana Real Estate Investors

Ryan Naumes from Barings acted as the lender in this transaction, providing the necessary funds to refinance the Hotel Commonwealth. G. Christopher Smith, representing Ohana Real Estate Investors, served as the landlord for the property. This loan will contribute to the ongoing success and growth of the hotel in one of Boston's most prominent locations.