Updated Mar 11, 2025
MassHousing Provides $21.4M Loan For Multifamily Property In Boston, MA
1599 Columbus Avenue, Boston, Massachusetts 02119, United States
$21,400,000
Units
65
Asset Type
MultiFamily
Closing
Oct 26, 2022
About this deal
AI
The multifamily property located at 1599 Columbus Avenue in Boston, MA has recently been involved in a loan transaction. The property consists of 65 units and is owned by an undisclosed party.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $21,400,000
- Address: 1599 Columbus Avenue, Boston, MA
- Market: Boston, MA
- Lender: masshousing''>MassHousing - Chrystal Kornegay
Chrystal Kornegay from MassHousing served as the lender in this transaction, providing a loan amount of $21,400,000.
The multifamily loan at 1599 Columbus Avenue, Boston, Massachusetts 02119, United States in Boston, Massachusetts financed for $21.4M in 2022. Reported inventory is 65 units across 65 units. Named participants on the 1599 Columbus Avenue, Boston, Massachusetts 02119, United States loan are Chrystal Kornegay. This page is the Boston, Massachusetts file for the 1599 Columbus Avenue, Boston, Massachusetts 02119, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else financed near 1599 Columbus Avenue, Boston, Massachusetts 02119, United States around 2022. Published consideration for 1599 Columbus Avenue, Boston, Massachusetts 02119, United States is $21.4M, dated 2022. Cite this MassHousing Provides $21.4M Loan For Multifamily Property In Boston, MA loan when underwriting similar multifamily product around Boston, Massachusetts.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93