facebook
Traded Co logo
Submit

John Brakatselos Of Spectra Lending Provides $6.05M Refinance For Multifamily Property In Cambridge MA

Property Image
FINANCED
$6,050,344

Massachusetts

See Similar Deals
MultiFamily8,826 SF
Financed 01/03/2025
the dealplayerscompscontact
Property Image
FINANCED

John Brakatselos Of Spectra Lending Provides $6.05M Refinance For Multifamily Property In Cambridge MA

175 Western Avenue

See Similar Deals
MultiFamily8,826 SF
Financed 01/03/2025
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$685
Total Square Footage:8,826 SF
Transaction Type:Loan

The asset involves a multifamily property located at 175 Western Avenue, Cambridge, MA. It features a total square footage of 8,826 and comprises 14 units. The transaction pertains to a refinance loan amounting to $6,050,344.

Summary of transaction details:

John Brakatselos from Spectra Lending coordinated a refinance loan securing the subject property and an additional asset, demonstrating a capacity for rapid execution in time-sensitive scenarios. The deal was brokered to Spectra by Hub Financing, LLC.

Players

Chris Sava
Hub Financing, LLC
Chris Sava
5 deals$28.9M volume(978) 417-9325
BROKER
Chris Sava
Hub Financing, LLC
Chris Sava
5 deals$28.9M volume(978) 417-9325
BROKER

Details

FINANCED
IMAGE: John Brakatselos & Chris Sava DATE: 01/03/2025 ADDRESS: 175 Western Avenue MARKET: Cambridge, MA ASSET TYPE: Multifamily ~ SF: 8,826 ~ UNITS: 14 LENDER: John Brakatselos - Spectra Lending BROKER: Chris Sava (@ChrisSava_) LOAN AMOUNT: $6,050,344 LOAN TYPE: Refinance NOTE FROM BROKER: Spectra provided a $6.050MM refinance, collateralized by the subject property and an additional asset, in a time sensitive situation. The deal was brokered to Spectra by Hub Financing, LLC. The credit facility demonstrates Spectra's ability to assist sponsors with rapid, seamless executions in scenarios when time is of the essence.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,050,344.00

Monthly NOI$40,335.63
Monthly Debt Service$38,242.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00