Dedham Institution For Savings Issues $8M Construction Loan For Multifamily Project In Boston

The asset involved in this transaction is a multifamily property located at 1305 Hyde Park Avenue in Boston, MA. The construction loan issued for this project amounts to $8,000,000. The development will consist of over 50 residential units along with 21 parking spaces. Construction is already underway for this five-story project.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Address: 1305 Hyde Park Avenue
• Market: Boston, MA
• Lender: Dedham Institution for Savings
• Loan Type: Construction
• Units: 50+
• Parking Spaces: 21

The Dedham Institution for Savings is the lender involved in providing financing for this construction project at 1305 Hyde Park Avenue. The loan was secured for the purpose of developing a multifamily asset encompassing multiple units and parking facilities, indicating a growth in residential offerings in the Boston market.