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

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:

• Property Type: Multifamily
• Transaction Amount: $132,000,000
• Lender: Raimondo Amabile & Cathy Marcus - PGIM Real Estate
• Landlord: Shane Baron & Audrey Epstein Reny - The Abbey Group
• Broker: Amy Lousararian - JLL

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.