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99 Erie Street

Thorofare Capital Provides $50.5 Million Bridge Loan For Cambridgeport Labs In Cambridge MA
FINANCEDLife Sciences

Thorofare Capital Provides $50.5 Million Bridge Loan For Cambridgeport Labs In Cambridge MA

99 Erie Street & 167 Sidney Street

$50,500,000

$448/SF

Building Size

112,702 SF

Asset Type

Life Sciences

Closing

Sep 11, 2025

AI

The asset involved in this transaction is a life sciences property located at 99 Erie Street & 167 Sidney Street in Cambridge, MA, totaling 56,351 square feet. A bridge loan in the amount of $50,500,000 was provided to refinance the property known as Cambridgeport Labs.

Summary of transaction details:

  • Property Type: Life Sciences
  • Transaction Amount: $50,500,000
  • Lender: Kevin H. Miller - Thorofare Capital
  • Landlord: Mike Freno - Barings & Kevin Sheehan - Greatland Realty Partners
  • Loan Type: Bridge
  • Date of Transaction: 09/11/2025

This transaction features key individuals including Kevin H. Miller representing Thorofare Capital as the lender, along with landlords Mike Freno from Barings and Kevin Sheehan from Greatland Realty Partners, who are responsible for the property management and operational aspects of the asset.

Players

Thorofare Capital
Thorofare CapitalLender
Barings
BaringsLender

Kevin Sheehan

Greatland Realty Partners

Landlord

$541.7M

vol

6 deals

Landlord

Cambridge Life Sciences Market Snapshot

Boundary boundary · Life Sciences · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93