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Griffith Properties & Dune ...

Griffith Properties & Dune Real Estate Partners Secure $78M Refinance Loan For Boston Logistics Portfolio
FINANCEDIndustrial

Griffith Properties & Dune Real Estate Partners Secure $78M Refinance Loan For Boston Logistics Portfolio

$78,000,000

Building Size

Asset Type

Industrial

Closing

Nov 8, 2023

AI

Griffith Properties and Dune Real Estate Partners' joint venture has secured a $78 million refinance loan for its Boston Logistics Portfolio, comprising five industrial properties totaling 631,000 square feet in Dedham, Mass. The loan was provided by Argentic Real Estate Investment and Hillcrest Finance.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $78,000,000
  • Address: Boston Logistics Portfolio, Dedham, MA
  • Market: Dedham, MA

The landlords involved in the transaction are Marci Griffith Loeber of Griffith Properties and Dan Neidich of Dune Real Estate Partners. They were represented by Benjamin Kroll, Christopher Kramer, Dustin Stolly, Holden Witkoff, Jordan Roeschlaub, and Timothy O'Donnell of Newmark.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93