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60 Long Wharf

Capital Properties Secures $34.3 Million Loan From Grant Street Funding For Mixed-use Asset In Boston
FINANCEDMixed-use

Capital Properties Secures $34.3 Million Loan From Grant Street Funding For Mixed-use Asset In Boston

60 Long Wharf & 66 Long Wharf

$34,300,000

Building Size

Asset Type

Mixed-use

Closing

Mar 25, 2025

AI

The asset involved in this transaction is a mixed-use property located at 60 Long Wharf in Boston. The loan amount secured for this property is $34,300,000.00.

Summary of transaction details:

The deal involves key individuals and entities, including Patrick Boyle and Kevin Phelan from Colliers, who acted as brokers for the landlord, Capital Properties, in securing the loan from Grant Street Funding.

Players

Kevin Phelan

Colliers

Broker

$448.5M

vol

7 deals

Broker
Grant Street Funding
Grant Street FundingLender

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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93