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

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FINANCED
$53,400,000

Massachusetts

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MultiFamily
Financed 08/18/2022
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FINANCED

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

35 Braintree St, Boston, MA, 02134

See Similar Deals
MultiFamily
Financed 08/18/2022
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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

Nicholas (Nick) Herz
21 deals$431.5M volume
BROKER

Boston Realty Advisors
LENDER


Barings
LENDER

Details

FINANCED
IMAGE: 08/18/2022 ADDRESS: 35 Braintree St, Boston, MA, 02134 MARKET: Allston ASSET TYPE: MultiFamily BORROWER'S REP: Nicholas (Nick) Herz(Boston Realty Advisors) BORROWER: Jones Street Investment Partners LENDER: Barings (Mike Freno) LOAN AMOUNT: $53,400,000.00

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Deal Type
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