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Capital Properties Secures $19 Million Refinance For S.S. Pierce Building In Brookline MA
FINANCED
$19,000,000
Massachusetts
See Similar DealsMixed-use145,580 SF
Financed 08/05/2024
FINANCED
Capital Properties Secures $19 Million Refinance For S.S. Pierce Building In Brookline MA
1330 Beacon Street & 1354 Beacon Street
See Similar DealsMixed-use145,580 SF
Financed 08/05/2024
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$130
Total Square Footage:145,580 SF
Transaction Type:Loan
The transaction involves the S.S. Pierce Building, a mixed-use and multifamily property located at 1330-1354 Beacon Street in Brookline, MA. The asset encompasses a total of 72,790 square feet. The loan amount for this refinancing transaction is $19,000,000.
Summary of transaction details:
- Property Type: Mixed-use & MultiFamily
- Transaction Amount: $19,000,000
- Loan Type: Refinance
- Address: 1330-1354 Beacon Street
- Market: Brookline, MA
- Landlord: Capital Properties
- Brokers: Kevin Phelan, Patrick Boyle & Rose Liu - Colliers International
Colliers International played a key role in arranging the refinancing, securing a new fixed-rate loan that replaces maturing debt from 2014. The refinancing was accomplished with a balance sheet lender.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,000,000.00
Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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