Updated Jun 19, 2025
Urban Standard Capital Provides $19 Million Construction Loan For Multifamily Asset In Boston
181 Commonwealth Avenue
$19,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 15, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 181 Commonwealth Avenue in Boston, MA. The loan amount secured for this construction project is $19,000,000. The asset is positioned within a market known for its multifamily housing developments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,000,000
- Lender: Charlie Brosens, Seth Weissman & Sam Hollander - Urban Standard Capital
- Loan Type: Construction
- Date of Transaction: 6/16/2025
Key individuals involved in this deal include Charlie Brosens, Seth Weissman, and Sam Hollander, all representing Urban Standard Capital as the lending institution for the construction financing arrangement. Their involvement is crucial in facilitating the financial aspects of this multifamily asset development.
On the Map
$19,000,000
MultiFamily
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Players
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93