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35-43 Braintree Street, All...

Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA
FINANCEDMultiFamily

Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA

35-43 Braintree Street, Allston, Massachusetts 02134, United States

$53,400,000

Building Size

Asset Type

MultiFamily

Closing

Aug 17, 2022

AI

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

Nicholas Herz

Boston Realty Advisors

Broker

$431.5M

vol

21 deals

Broker
Cambridge Savings Bank
Cambridge Savings BankLender
Barings
BaringsLender

Boston 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

0.30%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93