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161 Washington Street

Blue Vista Secures $212 Million Refinance Loan For 555-Unit Multifamily Complex In Boston
FINANCEDMultiFamily

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

Len O'Donnell

Affinius Capital

Lender

$3.1B

vol

13 deals

Lender
Affinius Capital
Affinius CapitalLender

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