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

Property Image
FINANCED
$170,000,000
Thomas (Tom) Traynor
Kyle Juszczyszyn
+ 1

Massachusetts

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MultiFamily
Financed 10/30/2024
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Property Image
FINANCED

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

180 Brookline Avenue

See Similar Deals
MultiFamily
Financed 10/30/2024
Thomas (Tom) Traynor
Kyle Juszczyszyn
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

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 (Tom) Traynor
39 deals$15B volume
BROKER

Adam Spengler
CBRE
10 deals$1.7B volume(908) 839-7632
BROKER

Kyle Juszczyszyn
CBRE
3 deals$202.6M volume(617) 413-7960
BROKER

Tom Rugg
CBRE
22 deals$8.2B volume(212) 984-8112
BROKER

Northwestern Mutual
LENDER

Details

FINANCED
IMAGE: John Schlifske, Steve Samuels, George Gatch, Adam Spengler, Kyle Juszczyszyn, Thomas Traynor & Tom Rugg DATE: 10/30/2024 ADDRESS: 180 Brookline Avenue MARKET: Boston, MA ASSET TYPE: Multifamily ~ UNITS: 405 LENDER: John Schlifske - Northwestern Mutual (@NorthwesternMutual) LANDLORD: George Gatch - J.P. Morgan Asset Management (@JPMorgan) & Steve Samuels - Samuels & Associates BROKERS: Adam Spengler, Kyle Juszczyszyn, Thomas Traynor & Tom Rugg - CBRE (@CBRE) LOAN AMOUNT: $170,000,000 LOAN TYPE: Refinance LOAN TERMS: five-year, fixed-rate loan NOTE: J.P. Morgan Asset Management and Samuels & Associates secured a $170M loan from Northwestern Mutual to refinance the 405-unit Fenway Triangle property near Fenway Park in Boston. &Associates

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$170,000,000.00

Monthly NOI$1,133,333.33
Monthly Debt Service$1,074,515.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00