Boston Global Investors, PGIM Real Estate & Wheelock Street Capital Secures $543M Loan For Mixed-Use Property On Congress St, Boston
FINANCED
$543,000,000
Massachusetts
See Similar DealsMixed-use555,250 SF
Financed 03/29/2022
FINANCED
Boston Global Investors, PGIM Real Estate & Wheelock Street Capital Secures $543M Loan For Mixed-Use Property On Congress St, Boston
401 Congress St, Boston, Massachusetts 02210, United States
See Similar DealsMixed-use555,250 SF
Financed 03/29/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$977
Total Square Footage:555,250 SF
Transaction Type:Loan
Boston Global Investors, PGIM Real Estate, and Wheelock Street Capital have secured a construction loan for a mixed-use property located at 401 Congress St in Boston, MA. This property spans approximately 555,250 square feet.
Summary of Transaction Details
- Property Type: Mixed-Use
- Transaction Amount: $543,000,000
- Loan Type: Construction Loan
The loan was arranged by Anthony Cutone and Andrew Gray of JLL. They represented the parties involved in this transaction, which included Boston Global Investors, PGIM Real Estate, and Wheelock Street Capital.
Players
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$543,000,000.00
Monthly NOI$3,620,000.00
Monthly Debt Service$3,432,129.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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