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180 Brookline Avenue

J.P. Morgan Asset Management And Samuels & Associates Secure $170 Million Refinance Loan In Boston
FINANCEDMultiFamily

J.P. Morgan Asset Management And Samuels & Associates Secure $170 Million Refinance Loan In Boston

180 Brookline Avenue

$170,000,000

Building Size

Asset Type

MultiFamily

Closing

Oct 30, 2024

AI

The asset involved in the transaction is a multifamily property located at 180 Brookline Avenue, Boston, MA, consisting of 405 units. A loan amount of $170,000,000 was secured for the refinance of this property, which is situated near Fenway Park.

Summary of transaction details:

This transaction involved key individuals and firms, with J.P. Morgan Asset Management and Samuels & Associates representing the landlord, while the lending entity was Northwestern Mutual. The brokers from CBRE facilitated the loan process, ensuring the successful refinancing of the multifamily property in Boston.

Players

Thomas Traynor

CBRE

Broker

$15B

vol

39 deals

Broker
Northwestern Mutual
Northwestern Mutual Lender

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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93