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Colliers Facilitates $16M Refinancing Deal For Brookline Multifamily Property
FINANCED
$16,000,000
Massachusetts
See Similar DealsMultiFamily
Financed 01/07/2024
FINANCED
Colliers Facilitates $16M Refinancing Deal For Brookline Multifamily Property
136 Babcock Street
See Similar DealsMultiFamily
Financed 01/07/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Number of Units: 45
- Lender: Brookline Bank
- Landlord: Sam Slater - Tremont Asset Management LLC
- Broker: Patrick Boyle - Colliers International
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,000,000.00
Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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