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Gallivan Boulevard Development LLC Secures $5.59M Loan From Bluestone Bank For Multifamily Asset In Boston
FINANCED
$5,587,500
Massachusetts
See Similar DealsMultiFamily
Financed 06/16/2025
FINANCED
Gallivan Boulevard Development LLC Secures $5.59M Loan From Bluestone Bank For Multifamily Asset In Boston
608 Gallivan Boulevard
See Similar DealsMultiFamily
Financed 06/16/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,587,500.00
Monthly NOI$37,250.00
Monthly Debt Service$35,316.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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