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National Development Secures $190 Million Refinance From Wells Fargo For 495-Unit Multifamily Projects

Property Image
FINANCED
$190,000,000
Thomas (Tom) Traynor
Peter Griesinger
Tom Rugg
+ 1

Massachusetts

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MultiFamily
Financed 01/30/2026
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Property Image
FINANCED

National Development Secures $190 Million Refinance From Wells Fargo For 495-Unit Multifamily Projects

217 Albany Street & 300 Harrison Avenue

See Similar Deals
MultiFamily
Financed 01/30/2026
Thomas (Tom) Traynor
Peter Griesinger
Tom Rugg
+ 1
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property consisting of 495 units located at 217 Albany Street & 300 Harrison Avenue in Boston, MA. The deal includes a significant refinancing amount from a major lender, emphasizing its value within the local real estate market.

Summary of transaction details:

This refinancing transaction was secured by National Development for its Ink Block and 7INK multifamily projects. The deal was facilitated by brokers from CBRE, who played a crucial role in the negotiation and execution of the financing arrangement with Wells Fargo.

Players

Thomas (Tom) Traynor
CBRE
Thomas Traynor
39 deals$15B volume
BROKER
Peter Griesinger
CBRE
Peter Griesinger
8 deals$2.1B volume(212) 656-0587
BROKER
Tom Rugg
CBRE
Tom Rugg
22 deals$8.2B volume(212) 984-8112
BROKER
Kayla Kaloostian
CBRE
Kayla Kaloostian
3 deals$1.5B volume(212) 984-8376
BROKER
CBRE
CBRE
BROKERAGE
Wells Fargo
Wells Fargo
LENDER
ND
National Development
LANDLORD

Details

FINANCED
IMAGE: Tom Rugg, Thomas Traynor, Peter Griesinger & Kayla Kaloostian DATE: 01/30/2026 ADDRESS: 217 Albany Street & 300 Harrison Avenue MARKET: Boston, MA ASSET TYPE: Multifamily ~ UNITS: 495 LENDER: Wells Fargo (@WellsFargo) LANDLORD: National Development BROKERS: Tom Rugg, Thomas Traynor, Peter Griesinger & Kayla Kaloostian - CBRE (@CBRE) LOAN AMOUNT: $190,000,000 LOAN TYPE: Refinance NOTE: National Development secured a $190M refinancing from Wells Fargo for its 495-unit Ink Block and 7INK multifamily projects in Boston’s South End.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$190,000,000.00

Monthly NOI$1,266,666.67
Monthly Debt Service$1,200,929.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00