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120 Commerce Way

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

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

120 Commerce Way

$81,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 29, 2024

AI

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.

Newmark

Broker

$1.7B

vol

11 deals

Broker
Mesa West Capital
Mesa West CapitalLender

Woburn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93