Updated Dec 4, 2024
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
Units
149
Asset Type
MultiFamily
Closing
Aug 17, 2022
About this deal
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.
The multifamily loan at 35-43 Braintree Street, Allston, Massachusetts 02134, United States in Boston, Massachusetts financed for $53.4M in 2022. Reported inventory is 149 units across 149 units. Nicholas (Nick) Herz, Boston Realty Advisors appear on the loan alongside Boston Realty Advisors. This page is the Boston, Massachusetts file for the 35-43 Braintree Street, Allston, Massachusetts 02134, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else financed near 35-43 Braintree Street, Allston, Massachusetts 02134, United States around 2022. Published consideration for 35-43 Braintree Street, Allston, Massachusetts 02134, United States is $53.4M, dated 2022. Cite this Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA loan when underwriting similar multifamily product around Boston, Massachusetts.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Nicholas (Nick) Herz to view all their deals.
Browse Boston multifamily loans on Traded.
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