Updated Oct 28, 2024
Chestnut Hill Realty Secures $64.15M Loan From Freddie Mac For Multifamily Properties In Brookline & Cambridge, MA
34 Harris Street, Cambridge, Massachusetts 02140, United States
$64,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
The multifamily properties located at 34 Harris St, 50 Alton Place, 19 Wendell Terrace, 60 Brattle St, and 1 Langdon St in Brookline and Cambridge, MA have been involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $64,150,000
- Lender: Freddie Mac
- Landlord: Chestnut Hill Realty
- Brokers: Robert Lipson - Berkadia
The loan amount for this transaction was $64,150,000. The lender for the loan was Freddie Mac. Chestnut Hill Realty served as the landlord in this deal. The brokers involved in the transaction were Robert Lipson from Berkadia.
On the Map
$64,150,000
MultiFamily
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Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93