Jones Street Investment Partners Secures $53.4M Loan For MultiFamily Property In Allston
FINANCED
$53,400,000
Massachusetts
See Similar DealsMultiFamily
Financed 08/18/2022
FINANCED
Jones Street Investment Partners Secures $53.4M Loan For MultiFamily Property In Allston
35 Braintree St, Boston, MA, 02134
See Similar DealsMultiFamily
Financed 08/18/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
In the transaction dated 08/18/2022, a loan of $53,400,000.00 was secured for the property located at 35 Braintree St, Boston, MA, 02134 in the Allston market. The asset involved in this deal is a MultiFamily property.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $53,400,000.00
- Borrower: Jones Street Investment Partners
- Borrower's Representative: Nicholas (Nick) Herz (Boston Realty Advisors)
- Lender: Barings (Mike Freno)
Nicholas (Nick) Herz of Boston Realty Advisors represented the borrower, Jones Street Investment Partners, in securing the loan from Barings, represented by Mike Freno.
Players
LENDER
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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