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John Hancock Life Insurance Company & Manulife Provide $23M Loan For 1008 Massachusetts Avenue Multifamily Property
FINANCED
Massachusetts
See Similar DealsMultiFamily
Financed 12/17/2025
FINANCED
John Hancock Life Insurance Company & Manulife Provide $23M Loan For 1008 Massachusetts Avenue Multifamily Property
1008 Massachusetts Avenue
See Similar DealsMultiFamily
Financed 12/17/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
The property asset involved in this transaction is a multifamily property located at 1008 Massachusetts Avenue, Cambridge, MA, consisting of 65 units. The secured loan amount for this property is $23,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Address: 1008 Massachusetts Avenue
- Market: Cambridge, MA
- Units: 65
- Lender: John Hancock Life Insurance Company & Manulife
- Brokers: Anthony Cutone, Madeline Joyce, Michael Schwarze & Michael Schwarze - JLL
JLL Capital Markets played a crucial role in arranging the loan for the multifamily property, acting on behalf of the borrower with support from Boston Residential Group. The financial arrangement was secured through Manulife/John Hancock.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,000,000.00
Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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