John Hancock Life Insurance Co & Manulife Provides $23M Loan For Multifamily At 1008 Massachusetts Avenue

The asset involved in this transaction is a multifamily property located at 1008 Massachusetts Avenue, Cambridge, MA, featuring 6 units. The property includes a variety of unit types such as studios, one-bedroom, and two-bedroom apartments, along with ground-floor retail space, a fitness center, and a sundeck. The refinancing loan arranged was for an amount of $23,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Address: 1008 Massachusetts Avenue
• Market: Cambridge, MA
• Units: 6
• Lender: John Hancock Life Insurance Co & Manulife
• Brokers: Anthony Cutone, Madeline Joyce & Michael Schwarze - JLL

JLL facilitated the refinancing of the 65-unit apartment building, ensuring the property continues to meet market demands. The brokerage team includes Anthony Cutone, Madeline Joyce, and Michael Schwarze, who played a key role in representing the interests of the lenders involved in this transaction.