Cambridge Housing Authority Acquires Senior Housing In Cambridge, MA For $18.7M

Located at 25 8th St in Cambridge, MA, this senior housing property recently closed a transaction on April 16, 2021. The property consists of 59 units and is owned by the Cambridge Housing Authority. The transaction was facilitated by Brenda Downing and Michael Johnston representing the landlord. massdevelopment''>MassDevelopment provided the loan for the transaction, with Dan Rivera and Cassandra McKenzie representing the lending institution. The loan amount for the transaction was $18,700,000.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $18,700,000
• Address: 25 8th St, Cambridge, MA
• Market: Cambridge, MA
• Units: 59
• Landlord: Cambridge Housing Authority (Brenda Downing & Michael Johnston)
• Lender: MassDevelopment (Dan Rivera & Cassandra McKenzie)

In this transaction, the key individuals and companies involved include Brenda Downing and Michael Johnston representing the landlord, and Dan Rivera and Cassandra McKenzie representing MassDevelopment as the lender.