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19 Royal Crest Drive

Updated Oct 10, 2025

Jordan E. Slone Of Harbor Group International Secures $356.4 Million Loan From Freddie Mac For Multifamily Acquisition
FINANCEDMultiFamily

Jordan E. Slone Of Harbor Group International Secures $356.4 Million Loan From Freddie Mac For Multifamily Acquisition

19 Royal Crest Drive, 29 Duncannon Avenue, 51 Meadow Lane & 42 Cedar Pond Drive

$356,411,000

Units

1,817

Asset Type

MultiFamily

Closing

Oct 8, 2025

About this deal

AI

A four-property multifamily portfolio consisting of 1,817 units was involved in the acquisition deal. The properties are located at 19 Royal Crest Drive, 29 Duncannon Avenue, 51 Meadow Lane, and 42 Cedar Pond Drive in Marlborough, Worcester, and Bridgewater, Massachusetts, as well as Warwick, Rhode Island. The total loan amount for the acquisition was $356,411,000, arranged through Freddie Mac financing.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $356,411,000
  • Lender: Freddie Mac
  • Landlord: Jordan E. Slone - Harbor Group International
  • Broker: Craig West - Walker & Dunlop
  • Units: 1,817
  • Market: Marlborough, Worcester & Bridgewater, MA; Warwick, RI
  • Loan Type: Acquisition

The financing arrangement for the acquisition was facilitated by Walker & Dunlop, which highlights the partnership between the lender and the buyer in securing the funding needed for the portfolio's purchase. This transaction marks an important expansion of Harbor Group International’s presence in New England, reflecting ongoing demand for suburban rental properties in the region.

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$356,411,000

MultiFamily

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Players

Craig West

Walker & Dunlop

Broker

$477.2M

vol

7 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage
Freddie Mac
Freddie MacLender
Harbor Group International
Harbor Group InternationalLandlord

Marlborough MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $196.2K per unit across 1817 units on a published $356.4M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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