Brady Capital Advisors Secures $31M Acquisition Loan For Pondsview Apartments In Billerica

The Pondsview Apartments, a 174-unit multifamily property spanning 4.5 acres located at 13-27 Kenmar Drive in Billerica, MA, has successfully secured $31 million in acquisition financing. The loan, facilitated by Patrick Brady of Brady Capital Advisors, features a five-year fixed rate. For the first three years, the loan will be interest-only, transitioning into a 27-year amortization period. The financing also offers a flexible prepayment structure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,000,000
• Units: 174
• Acres: 4.5
• Market: Billerica, MA

Brady Capital Advisors successfully secured the acquisition financing for the Pondsview Apartments in Massachusetts on behalf of Fren Management. Patrick Brady, representing Brady Capital Advisors, played a crucial role in finalizing the $31 million loan for the multifamily property.