Updated Oct 19, 2026
John Brakatselos Of Spectra Lending Provides $6.05M Refinance For Multifamily Property In Cambridge MA
175 Western Avenue
$6,050,344
$685/SF
Building Size
8,826 SF
Asset Type
MultiFamily
Closing
Jan 3, 2025
About this deal
AI
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:
- Property Type: Multifamily
- Transaction Amount: $6,050,344
- Loan Type: Refinance
- Lender: John Brakatselos - Spectra Lending
- Broker: Chris Sava
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.
On the Map
$6,050,344
$685/SF
MultiFamily
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Players
Cambridge 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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93