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FinanceBoston Secures $16 Million Refinance For Mixed-Use Property In South Boston
FINANCED
$16,000,000
Massachusetts
See Similar DealsMixed-use
Financed 09/19/2025
FINANCED
FinanceBoston Secures $16 Million Refinance For Mixed-Use Property In South Boston
218 Old Colony Avenue & 220 Old Colony Avenue
See Similar DealsMixed-use
Financed 09/19/2025
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan
218-220 Old Colony Avenue is a newly built mixed-use property located in South Boston, MA. The asset includes 34 apartments along with ground-floor retail space. The property has undergone a refinancing transaction amounting to $16 million.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $16,000,000
- Address: 218-220 Old Colony Avenue
- Market: South Boston, MA
- Loan Amount: $16,000,000
- Broker: Shane Carthy - FinanceBoston
FinanceBoston arranged the $16 million refinance to support the sponsor’s ownership strategy. This financing aims to strengthen the asset’s capital structure, indicating a focus on long-term financial stability for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,000,000.00
Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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