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:
- Property Type: Mixed-use
- Transaction Amount: $34,300,000.00
- Address: 60 Long Wharf
- Market: Boston
- Lender: Grant Street Funding
- Landlord: Capital Properties
- Brokers: Patrick Boyle (Colliers), Kevin Phelan (Colliers)
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
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
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