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35 Braintree St, Boston, MA...

Jones Street Investment Partners Secures $53.4M Loan For MultiFamily Property In Allston
FINANCEDMultiFamily

Jones Street Investment Partners Secures $53.4M Loan For MultiFamily Property In Allston

35 Braintree St, Boston, MA, 02134

$53,400,000

Building Size

Asset Type

MultiFamily

Closing

Aug 18, 2022

AI

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

Nicholas Herz

Boston Realty Advisors

Broker

$431.5M

vol

21 deals

Broker
Boston Realty Advisors
Boston Realty AdvisorsLender
Barings
BaringsLender

Allston 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