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35-55 Morrissey Boulevard

Related Fund Management Provides $72.5M Pre-development Financing For Mixed-Use Property In Boston, MA
FINANCEDMixed-use

Related Fund Management Provides $72.5M Pre-development Financing For Mixed-Use Property In Boston, MA

35-55 Morrissey Boulevard

$72,500,000

Building Size

Asset Type

Mixed-use

Closing

Apr 12, 2022

AI

35-55 Morrissey Boulevard & 75-55 Morrissey Boulevard in Boston, MA, has recently secured pre-development financing with a loan amount of $72,500,000. The property is a mixed-use asset and is situated in the Boston market.

Summary of transation details

  • Property Type: Mixed-Use
  • Transaction Amount: $72,500,000
  • Loan Type: Pre-development financing

The loan was provided by Related Fund Management, while Center Court Mass serves as the landlord for the property. The deal's brokers include Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Issa Abbassi, and Jake Neeb from Newmark.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker
Related Companies
Related CompaniesLender

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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93