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
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