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FoxRock Properties Secures $58 Million Loan From PGIM For Mixed-Use Redevelopment In Quincy
FINANCED
$58,000,000
Massachusetts
See Similar DealsMixed-use
Financed 02/16/2026
FINANCED
FoxRock Properties Secures $58 Million Loan From PGIM For Mixed-Use Redevelopment In Quincy
1170 Hancock Street & 1200 Hancock Street
See Similar DealsMixed-use
Financed 02/16/2026
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan
1170 Hancock Street and 1200 Hancock Street are located in Quincy, MA, serving as a mixed-use redevelopment project. The redevelopment has been financed through a mortgage of $58 million, indicating significant investment in the property.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $58,000,000
- Lender: Jacques Chappuis - PGIM
- Landlord: FoxRock Properties
The transaction was facilitated by Jacques Chappuis of PGIM, representing the lender in this substantial mortgage arrangement for FoxRock Properties, which is leading the redevelopment at the specified addresses in Quincy Center.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$58,000,000.00
Monthly NOI$386,666.67
Monthly Debt Service$366,599.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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