Updated Mar 11, 2025
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
About this deal
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.
On the Map
$53,400,000
MultiFamily
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Players
Allston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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