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
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