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
Dorchester Center 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
2.84%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93