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PGIM Real Estate Provides $132M Loan For The Viridian Multifamily Property In Boston

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FINANCED
$132,000,000
Cathy Marcus
Raimondo Amabile
+ 2

Massachusetts

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MultiFamily
Financed 07/29/2025
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Property Image
FINANCED

PGIM Real Estate Provides $132M Loan For The Viridian Multifamily Property In Boston

1282 Boylston Street

See Similar Deals
MultiFamily
Financed 07/29/2025
Cathy Marcus
Raimondo Amabile
+ 2
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

1282 Boylston Street is a multifamily property located in Boston’s Fenway neighborhood, encompassing 342 residential units. The asset has secured $132 million in floating-rate financing aimed at facilitating its operational needs and future investments.

Summary of transaction details:

JLL’s Amy Lousararian arranged the financing deal on behalf of The Abbey Group, representing the landlord in the transaction. This collaboration underlines the parties involved in the loan agreement, critical for supporting the multifamily asset's operations.

Players

Amy Lousararian
18 deals$1.3B volume
BROKER

JLL
BROKERAGE

Cathy Marcus
PGIM
31 deals$2.6B volume
LENDER

Raimondo Amabile
PGIM
8 deals$643.7M volume
LENDER

PGIM
LENDER

Shane Baron
1 deal$132M volume
LANDLORD

Audrey Epstein Reny
1 deal$132M volume
LANDLORD

Details

FINANCED
IMAGE: Raimondo Amabile, Cathy Marcus, Shane Baron, Audrey Epstein Reny & Amy Lousararian DATE: 07/29/2025 ADDRESS: 1282 Boylston Street MARKET: Boston, MA ASSET TYPE: Multifamily LENDER: Raimondo Amabile & Cathy Marcus - PGIM Real Estate (@PGIM) LANDLORD: Shane Baron & Audrey Epstein Reny - The Abbey Group BROKER: Amy Lousararian (@AmyLou292) - JLL (@JLL) LOAN AMOUNT: $132,000,000 NOTE: PGIM Real Estate has provided $132M in floating-rate financing for The Viridian, a 342-unit multifamily property in Boston’s Fenway. JLL’s Amy Lousararian arranged the deal on behalf of owner The Abbey Group.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$132,000,000.00

Monthly NOI$880,000.00
Monthly Debt Service$834,329.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00