Ullico Provides $150M Construction Loan For 475-Unit Multifamily In Revere, MA

Ullico has provided a $150,000,000 construction loan for a multifamily property located at 221 Endicott Ave in Revere, MA. The property has a total of 475 units and spans 415,000 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $150,000,000
• Address: 221 Endicott Ave, Revere, MA
• Market: Revere, MA
• Units: 475
• Square Footage: 415,000

The loan was secured by the landlord, National Real Estate Advisors, Cathexis, and The HYM Investment Group, with Thomas N. O’Brien representing them. The broker for this transaction was Riaz Cassum from JLL.