Updated Jan 5, 2026
Camden National Bank Provides $18M Loan For Acquisition Of Found Hotel Boston Common
78 Charles Street South & 82 Charles Street South Boston
$18,000,000
Building Size
—
Asset Type
Hotel
Closing
Jan 2, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 78-82 Charles Street South in Boston, MA. The total acquisition price for the hotel was $24 million, and the financing provided covers 75% of this purchase price through a loan amounting to $18 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $24,000,000
- Loan Amount: $18,000,000
- Lender: Camden National Bank
- Loan Type: Acquisition
- Date of Transaction: 01/02/2026
The transaction was facilitated by Camden National Bank, which provided the financing necessary for the acquisition of the Found Hotel Boston Common. The loan plays a pivotal role in supporting this significant transaction within the Boston market.
Players
Boston Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93