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136 Babcock Street

Colliers Facilitates $16M Refinancing Deal For Brookline Multifamily Property
FINANCEDMultiFamily

Colliers Facilitates $16M Refinancing Deal For Brookline Multifamily Property

136 Babcock Street

$16,000,000

Building Size

Asset Type

MultiFamily

Closing

Jan 7, 2024

AI

A $16 million refinancing deal was facilitated by Colliers International for Babcock Place, a recently constructed 45-unit multifamily property in Brookline's Coolidge Corner neighborhood.

Summary of transaction details

Patrick Boyle of Colliers International represented the buyer, Sam Slater of Tremont Asset Management LLC, in the $16 million refinancing deal for the Babcock Place multifamily property in Brookline's Coolidge Corner neighborhood.

Players

Patrick Boyle

Colliers

Broker

$275.5M

vol

10 deals

Broker
Brookline Bank
Brookline BankLender

Brookline MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93