Tim Dowd & Doug Landry Of LandUP Capital Represents Landlord In $13.8M Boston Multifamily Loan

The asset involved in this transaction is a MultiFamily property located in Boston, MA, comprising a total of 51 units. The landlord secured a loan amounting to $13,800,000, structured as a cash-out refinance and acquisition. The loan terms have a duration of 5 years, featuring no prepayment, no origination fees, and a spread of 140 over FHLBB.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $13,800,000
• Units: 51
• Loan Type: Cash out refinance & acquisition
• Loan Terms: 5 years, no prepayment, no origination, 140 spread over FHLBB
• Landlord's Rep: Tim Dowd & Doug Landry - LandUP Capital

The key individuals involved in the transaction are Tim Dowd and Doug Landry, who represented the landlord through their agency, LandUP Capital. The acquisition was characterized as a cash neutral acquisition facilitated through the refinance of an existing asset.