Updated Dec 19, 2023
Brian Rooney Of Finance Boston Secures $15M Refinance Loan For Mixed-Use Property On 407 Washington St In Boston
407 Washington Street, Boston, Massachusetts 02135, United States
$15,000,000
$652/SF
Building Size
23,000 SF
Asset Type
Mixed-use
Closing
Mar 30, 2022
About this deal
AI
Located at 407 Washington St in Boston, MA, this mixed-use property spans across 23,000 square feet. The deal involved a refinance loan, with a loan amount of $15,000,000. The loan was secured with a 3.00% interest rate.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $15,000,000
- Loan Type: Refinance
- Loan Terms: 3.00%
The broker who facilitated this transaction was Brian Rooney from Finance Boston.
The mixed use loan at 407 Washington Street, Boston, Massachusetts 02135, United States in Boston, Massachusetts financed for $15M in 2022. The building is 23,000 square feet, implying about 652 per square foot on the published price. Brian Rooney, FinanceBoston appear on the loan alongside FinanceBoston. This page is the Boston, Massachusetts file for the 407 Washington Street, Boston, Massachusetts 02135, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Boston sit in the Market section below. Filter that Boston mixed use set by closing date to see what else financed near 407 Washington Street, Boston, Massachusetts 02135, United States around 2022. Published consideration for 407 Washington Street, Boston, Massachusetts 02135, United States is $15M, dated 2022. Cite this Brian Rooney Of Finance Boston Secures $15M Refinance Loan For Mixed-Use Property On 407 Washington St In Boston loan when underwriting similar mixed use product around Boston, Massachusetts.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93