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200 Chestnut Hill Avenue, C...

Berkadia Provides $42.9M Loan For 88-Unit Multifamily Property On Estate Dr, Chestnut Hill, MA
FINANCEDMultiFamily

Berkadia Provides $42.9M Loan For 88-Unit Multifamily Property On Estate Dr, Chestnut Hill, MA

200 Chestnut Hill Avenue, Chestnut Hill, MA 02467, USA

$42,900,000

$298/SF

Building Size

143,591 SF

Asset Type

MultiFamily

Closing

Apr 15, 2021

AI

The property asset involved is a multifamily dwelling located at 200 Estate Dr, Chestnut Hill, MA. It comprises a total of 88 units. The transaction involved a loan amount of $42,900,000 secured for a 15-year term.

Summary of transaction details:

The key individuals in this transaction include Edward Zuker and George McHugh representing the landlord, Chestnut Hill Realty, and Justin Wheeler acting on behalf of the lender, berkadia'>berkadia'>berkadia'>Berkadia.

Players

Justin Wheeler

Berkadia

Broker

$42.9M

vol

1 deal

Broker
Berkadia
BerkadiaLender

Brookline 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

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93