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The Hamilton Co. Secures $96.2M Loan For 279-Unit Multifamily Property In Cambridge, MA

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FINANCED
$96,200,000
William (Bill) Wrench II
Harmon Handorf
Emily Beeler
+ 1

Massachusetts

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MultiFamily
Financed 06/18/2020
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Property Image
FINANCED

The Hamilton Co. Secures $96.2M Loan For 279-Unit Multifamily Property In Cambridge, MA

1079 Commonwealth Avenue, Boston, MA 02215

See Similar Deals
MultiFamily
Financed 06/18/2020
William (Bill) Wrench II
Harmon Handorf
Emily Beeler
+ 1
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

The Hamilton Co. has secured a loan for $96,200,000 for the acquisition of two multifamily properties located at 1079 Commonwealth Avenue and 1200 Massachusetts Ave in Cambridge, MA. Consisting of a total of 279 units, these properties offer desirable living spaces in the thriving market of Cambridge.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $96,200,000
  • Units: 279
  • Address: 1079 Commonwealth Avenue & 1200 Massachusetts Ave, Cambridge, MA
  • Market: Cambridge, MA

The loan for this transaction was provided by Voya Commercial Mortgage LLC and Hingham Institution for Savings. The brokers who facilitated the deal were Adam Bieber, Harmon Handorf, Emily Beeler, and Bill Wrench from Phillips Realty Capital, representing The Hamilton Co. in the transaction.

Players

Adam Bieber
Adam Bieber
4 deals$206.2M volume(301) 320-0431
BROKER
Harmon Handorf
Harmon Handorf
1 deal$96.2M volume
BROKER
Emily Beeler
Emily Beeler
1 deal$96.2M volume
BROKER
William (Bill) Wrench II
William Wrench II
2 deals$103.7M volume
BROKER

Details

FINANCED
IMAGE: Harmon Handorf, Adam Bieber, Guilliaem Aertsen, Bill Wrench & Emily Beeler DATE: 06/18/2021 ADDRESS: 1079 Commonwealth Avenue & 1200 Massachusetts Ave MARKET: Cambridge, MA ASSET TYPE: Multifamily UNITS: 279 LANDLORD: The Hamilton Co. - Guilliaem Aertsen LENDER: Voya Commercial Mortgage LLC & Hingham Institution for Savings BROKERS: Adam Bieber, Harmon Handorf, Emily Beeler, & Bill Wrench - Phillips Realty Capital LOAN AMOUNT: $96,200,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$96,200,000.00

Monthly NOI$641,333.33
Monthly Debt Service$608,049.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00