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34 Harris Street, Cambridge...

Chestnut Hill Realty Secures $64.15M Loan From Freddie Mac For Multifamily Properties In Brookline & Cambridge, MA
FINANCEDMultiFamily

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

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

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.

Players

Robert Lipson

Berkadia

Broker

$210.2M

vol

4 deals

Broker
Freddie Mac
Freddie MacLender

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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