Updated Apr 3, 2025
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
About this deal
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
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