Nuveen Global Cities REIT Provides $62.3M Loan For Mixed-Use Property In Framingham, MA
FINANCED
$62,300,000
Massachusetts
See Similar DealsMixed-use400,000 SF
Financed 12/20/2021
FINANCED
Nuveen Global Cities REIT Provides $62.3M Loan For Mixed-Use Property In Framingham, MA
175 Crossing Boulevard, Framingham, Massachusetts 01702, United States
See Similar DealsMixed-use400,000 SF
Financed 12/20/2021
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$155
Total Square Footage:400,000 SF
Transaction Type:Loan
The mixed-use property located at 175 Crossing Boulevard in Framingham, MA has been involved in a recent transaction. The property spans approximately 400,000 square feet and is situated in the market of Framingham, MA. The deal encompasses various aspects, including a loan, lender, landlord, and loan amount.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $62,300,000
- Date: 12/20/2021
- Address: 175 Crossing Boulevard, Framingham, MA
- Market: Framingham, MA
- Asset Type: Mixed-use
- Square Footage: 400,000
The loan for this transaction was provided by Nuveen Global Cities REIT, with Mike Sales representing the lender. The landlord involved in the deal is Outshine Properties & Jadian Capital.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,300,000.00
Monthly NOI$415,333.33
Monthly Debt Service$393,778.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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