Blue Vista Secures $212 Million Refinance Loan For 555-Unit Multifamily Complex In Boston
161 Washington Street & 185 Washington Street
$212,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 4, 2025
AI
The Overlook at St. Gabriels is a multifamily complex located at 161-185 Washington Street, Boston, MA, featuring 555 units. Blue Vista holds the landlord position for this property, while the refinancing transaction took place on April 4, 2025, with a loan amount of $212,000,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $212,000,000
- Lender: Len O'Donnell - Affinius Capital
- Landlord: Blue Vista
- Broker Representative: Jay Doherty - Cabot, Cabot, & Forbes
- Market: Boston, MA
- Units: 555
- Loan Type: Refinance
Len O'Donnell from Affinius Capital facilitated the refinancing, marking a strategic financial move for the owners, Blue Vista and Cabot, Cabot & Forbes. Jay Doherty represented Cabot, Cabot & Forbes in this transaction, which enhances the financial stability of the multifamily asset.
Players
Dorchester 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93