MassHousing Refinances Multifamily Properties In Jamaica Plain & Roxbury For $35.3M

A $35.3 million refinancing loan has been secured for multiple multifamily properties in Jamaica Plain and Roxbury, MA. The properties involved in the transaction are located at 189 Boylston St, 2 Brookside Ave, 309 Chestnut Ave, 12 – 14 & 21-23 Dixwell St, 1-11 Bancroft Street, 1871 Columbus Ave, 6 – 8 Ernst St, 10 – 12 Ernst St, and 51-55 Forest Hills Street. The loan was provided by masshousing''>MassHousing, with Chrystal Kornegay serving as the lender's representative. The borrower in the transaction is Urban Edge, represented by Emilio Dorcely.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $35,300,000
• Loan Type: Refinancing

Chrystal Kornegay, representing MassHousing, facilitated the loan process, while Emilio Dorcely, representing Urban Edge, represented the borrower in the transaction.