Cornerstone Realty Capital Arranges $53.3M Loan For Shrewsbury Multifamily Acquisition

A multifamily property located at 204 Hartford Turnpike in Shrewsbury, MA was recently involved in a loan transaction. The loan amount for this transaction was $53,285,000. The terms of the loan include a floating rate with 36 months of interest only, followed by a 30-year amortization schedule.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,285,000
• Address: 204 Hartford Turnpike, Shrewsbury, MA
• Market: Shrewsbury, MA
• Landlord: The Dolben Company, Inc - Donald Dolben, Andrew Dolben, & Deane Dolben; & Belmont Capital
• Broker: Cornerstone Realty Capital

The loan transaction involving the multifamily property at 204 Hartford Turnpike was facilitated by Cornerstone Realty Capital. The Dolben Company, Inc - Donald Dolben, Andrew Dolben, & Deane Dolben, along with Belmont Capital, served as the landlords in this transaction.