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John Hancock Life Insurance Company & Manulife Provide $23M Loan For 1008 Massachusetts Avenue Multifamily Property

Property Image
FINANCED
$23,000,000

Massachusetts

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MultiFamily
Financed 12/17/2025
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Property Image
FINANCED

John Hancock Life Insurance Company & Manulife Provide $23M Loan For 1008 Massachusetts Avenue Multifamily Property

1008 Massachusetts Avenue

See Similar Deals
MultiFamily
Financed 12/17/2025
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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:

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

Madeline Joyce
8 deals$298.7M volume(617) 848-5854
BROKER

Anthony Cutone
JLL
6 deals$979.9M volume
BROKER

Michael Schwarze
JLL
3 deals$71.1M volume(617) 531-4100
BROKER

JLL
BROKERAGE

Manulife
LENDER

Details

FINANCED
IMAGE: Anthony Cutone, Madeline Joyce & Michael Schwarze DATE: 12/17/2025 ADDRESS: 1008 Massachusetts Avenue MARKET: Cambridge, MA ASSET TYPE: Multifamily ~ UNITS: 65 LENDER: John Hancock Life Insurance Company & Manulife BROKERS: Anthony Cutone, Madeline Joyce, Michael Schwarze & Michael Schwarze - JLL (@JLL) LOAN AMOUNT: $23,000,000 NOTE: JLL Capital Markets arranged a $23M senior loan for 1008 Massachusetts Ave., a 65-unit luxury multifamily property near Harvard Square in Cambridge, on behalf of the borrower with support from Boston Residential Group, secured through Manulife/John Hancock.

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Deal Type
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