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Capital Properties Secures $34.3 Million Loan From Grant Street Funding For Mixed-use Asset In Boston
FINANCED
$34,300,000
Massachusetts
See Similar DealsMixed-use
Financed 03/25/2025
FINANCED
Capital Properties Secures $34.3 Million Loan From Grant Street Funding For Mixed-use Asset In Boston
60 Long Wharf & 66 Long Wharf
See Similar DealsMixed-use
Financed 03/25/2025
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan
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
LENDER
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,300,000.00
Monthly NOI$228,666.67
Monthly Debt Service$216,799.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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