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

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.