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
- 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.
Players
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