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
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