facebook
Traded Co logo
Submit
Daily limit: 0/10

Bob Faith Secures $111M Loan For Juniper Building In Everett

Property Image
FINANCED
$111,000,000

Massachusetts

See Similar Deals
MultiFamily
Financed 07/16/2024
the dealplayerscompscontact
Property Image
FINANCED

Bob Faith Secures $111M Loan For Juniper Building In Everett

MultiFamily
Financed 07/16/2024
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

The 416-unit Juniper building located at 201 Mill Road in Everett, MA, has secured a $111,000,000 loan from Banco Inbursa. The loan was obtained by Greystar for its fifth multifamily project in the area.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $111,000,000
  • Landlord: Bob Faith - Greystar
  • Lender: Banco Inbursa
  • Market: Everett, MA

Bob Faith, who is the landlord of the Juniper building, represented Greystar in securing the loan from Banco Inbursa for the multifamily project. The construction has commenced on this new development, adding to Greystar's portfolio in Everett, Boston.

Players

Banco Inbursa
Banco Inbursa
LENDER

Details

FINANCED
IMAGE: Bob Faith DATE: 07/16/2024 ADDRESS: 201 Mill Road MARKET: Everett, MA ASSET TYPE: Multifamily ~ UNITS: 416 LENDER: Banco Inbursa LANDLORD: Bob Faith - Greystar LOAN AMOUNT: $111,000,000 NOTE: Greystar has started construction on its fifth multifamily project in Everett, Boston, securing a $111M loan from Banco Inbursa for the 416-unit Juniper building at 201 Mill Road.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$111,000,000.00

Monthly NOI$740,000.00
Monthly Debt Service$701,595.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00