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78 Charles Street South

Updated Jan 5, 2026

Camden National Bank Provides $18M Loan For Acquisition Of Found Hotel Boston Common
FINANCEDHotel

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

Camden National Bank
Camden National BankLender

Boston Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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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

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