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Lee Bloch Of Carmel Partners Secures $137.3 Million Loan For 398-Unit Multifamily In Boston

Property Image
FINANCED
$137,288,000
Jeff Burns
Travis D’Amato

Massachusetts

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MultiFamily
Financed 09/25/2024
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Property Image
FINANCED

Lee Bloch Of Carmel Partners Secures $137.3 Million Loan For 398-Unit Multifamily In Boston

45 Stuart Street

See Similar Deals
MultiFamily
Financed 09/25/2024
Jeff Burns
Travis D’Amato
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved is a 398-unit, 30-story residential building located at 45 Stuart Street in Downtown Boston, MA. The transaction includes an acquisition loan amounting to $137,288,000 for the development previously known as AVA Theater District.

Summary of transaction details:

Walker & Dunlop, Inc. facilitated the financing for this acquisition, securing a substantial loan for LUKA on the Common, indicating the firm's involvement in significant property financing transactions in the area.

Players

Jeff Burns
Walker & Dunlop
Jeff Burns
2 deals$283M volume(925) 946-5903
BROKER
Travis D’Amato
Walker & Dunlop
Travis D’Amato
2 deals$190.9M volume(781) 707-9446
BROKER

Details

FINANCED
IMAGE: Lee Bloch & Jeff Burns DATE: 09/25/2024 ADDRESS: 45 Stuart Street MARKET: Boston, MA ASSET TYPE: Multifamily ~ UNITS: 398 LANDLORD: Lee Bloch - Carmel Partners BROKER: Jeff Burns - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $137,288,000 LOAN TYPE: Acquisition NOTE: Walker & Dunlop, Inc. has secured $137.3 million in financing for LUKA on the Common, a 398-unit, 30-story residential building in Downtown Boston, previously known as AVA Theater District.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$137,288,000.00

Monthly NOI$915,253.33
Monthly Debt Service$867,753.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00