Related Fund Management Provides $72.5M Pre-development Financing For Mixed-Use Property In Boston, MA
FINANCED
$72,500,000
+ 3
Massachusetts
See Similar DealsMixed-use
Financed 04/12/2022
FINANCED
Related Fund Management Provides $72.5M Pre-development Financing For Mixed-Use Property In Boston, MA
35-55 Morrissey Boulevard
See Similar DealsMixed-use
Financed 04/12/2022
+ 3
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan
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
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$72,500,000.00
Monthly NOI$483,333.33
Monthly Debt Service$458,249.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions