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Toll Brothers Apartment Living Refinances Woburn Multifamily For $81M Loan

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FINANCED
$81,000,000

Massachusetts

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MultiFamily
Financed 03/29/2024
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FINANCED

Toll Brothers Apartment Living Refinances Woburn Multifamily For $81M Loan

120 Commerce Way

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MultiFamily
Financed 03/29/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 120 Commerce Way in Woburn, MA, was involved in a refinancing deal. The loan amount for this transaction was $81,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $81,000,000
  • Lender: Pamir Niaz - Mesa West Capital
  • Landlord: Toll Brothers Apartment Living
  • Brokers: David Douvadjian Jr, David Douvadjian Sr & Timothy O'Donnell - Newmark

The individuals and companies involved in this transaction included Pamir Niaz from Mesa West Capital as the lender and Toll Brothers Apartment Living as the landlord. The brokers representing the deal were David Douvadjian Jr, David Douvadjian Sr, and Timothy O'Donnell from Newmark.

Players

David Douvadjian Sr.
11 deals$1.7B volume
BROKER

Timothy O'Donnell
Newmark
7 deals$1B volume
BROKER

David Douvadjian Jr
Newmark
9 deals$996.8M volume
BROKER

Mesa West Capital
LENDER

Details

FINANCED
IMAGE: Pamir Niaz, Matthew Snyder, David Douvadjian Jr, David Douvadjian Sr & Timothy O'Donnell DATE: 03/29/2024 ADDRESS: 120 Commerce Way MARKET: Woburn, MA ASSET TYPE: Multifamily LENDER: Pamir Niaz - Mesa West Capital LANDLORD: Toll Brothers Apartment Living BROKERS: David Douvadjian Jr, David Douvadjian Sr & Timothy O'Donnell - Newmark (@Newmark) LOAN AMOUNT: $81,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$81,000,000.00

Monthly NOI$540,000.00
Monthly Debt Service$511,975.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00