Updated Oct 29, 2024
Millennium Partners Secures $775M Construction Loan For Mixed-Use Development In Boston, MA
115 Winthrop Square, Boston, MA 02110, USA
$775,000,000
$1,019/SF
Building Size
760,000 SF
Asset Type
Mixed-use
Closing
Oct 14, 2020
About this deal
AI
The mixed-use property located at 115 Winthrop Square in Boston, MA has been involved in a closed property transaction. The transaction took place on 10/15/2020. The property is a mixed-use asset, combining residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $775,000,000
- Developer: Millennium Partners – Christopher M. Jeffries
- Lender: Cale Street Investments – Ed Siskind
- Loan Type: Construction Loan
The developer of the property is Millennium Partners, represented by Christopher M. Jeffries. The lender in this transaction is Cale Street Investments, represented by Ed Siskind. The loan amount for this construction loan is $775,000,000.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93