Berkadia Provides $42.9M Loan For 88-Unit Multifamily Property On Estate Dr, Chestnut Hill, MA
FINANCED
$42,900,000
Massachusetts
See Similar DealsMultiFamily143,591 SF
Financed 04/16/2021
FINANCED
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
See Similar DealsMultiFamily143,591 SF
Financed 04/16/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$298
Total Square Footage:143,591 SF
Transaction Type:Loan
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:
- Property Type: Multifamily
- Transaction Amount: $42,900,000
- Address: 200 Estate Dr
- Market: Chestnut Hill, MA
- Units: 88
- Landlord: Chestnut Hill Realty - Edward Zuker & George McHugh
- Lender: berkadia'>berkadia'>berkadia'>Berkadia - Justin Wheeler
- Loan Term: 15-year term
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
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,900,000.00
Monthly NOI$286,000.00
Monthly Debt Service$271,157.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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