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608 Gallivan Boulevard

Gallivan Boulevard Development LLC Secures $5.59M Loan From Bluestone Bank For Multifamily Asset In Boston
FINANCEDMultiFamily

Gallivan Boulevard Development LLC Secures $5.59M Loan From Bluestone Bank For Multifamily Asset In Boston

608 Gallivan Boulevard

$5,587,500

Units

12

Asset Type

MultiFamily

Closing

Jun 16, 2025

AI

The property asset involved in this transaction is a multifamily building located at 608 Gallivan Boulevard in Boston, MA, comprising a total of 12 units. The transaction was secured through a loan amounting to $5,587,500 from Bluestone Bank on June 16, 2025.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,587,500
  • Address: 608 Gallivan Boulevard
  • Market: Boston, MA
  • Lender: Bluestone Bank
  • Landlord: Gallivan Boulevard Development LLC

Gallivan Boulevard Development LLC is the entity that secured the loan from Bluestone Bank for the financing of the property located at 608 Gallivan Boulevard in Dorchester. This transaction reflects the activities involving a loan agreement between the aforementioned landlord and lender, emphasizing their roles in completing this deal.

Players

Bluestone Bank
Bluestone BankLender

Dorchester Center 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

2.84%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93