Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA
FINANCED
$53,400,000
Massachusetts
See Similar DealsMultiFamily
Financed 08/18/2022
FINANCED
Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA
35-43 Braintree Street, Allston, Massachusetts 02134, United States
See Similar DealsMultiFamily
Financed 08/18/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 35-43 Braintree St in Boston, MA was involved in a recent transaction. The property consists of 149 units and is owned by Jones Street Investment Partners.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $53,400,000
- Loan Type: Construction financing
The loan for this transaction was provided by Cambridge Savings Bank and barings-4626a10b-91b9-4404-b096-d78fc90a0c26''>Barings. Nicholas Herz from Boston Realty Advisors represented the landlords, Jones Street Investment Partners, in this deal.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$53,400,000.00
Monthly NOI$356,000.00
Monthly Debt Service$337,524.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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