Broadway Capital Refinances Multifamily Properties In Chelsea, MA For $2.6M

The multifamily property located at 783 Broadway, 71 Chester & 748 Broadway in Chelsea, MA, recently underwent a refinancing transaction. The property, spanning approximately 10,600 square feet, is owned by Broadway Capital, represented by Mikael Vienneau. The loan was provided by Winchester Savings Bank for a total amount of $2,566,000. The loan is a 5-year fixed-rate refinance loan with an interest rate of 5.375%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,566,000
• Address: 783 Broadway, 71 Chester & 748 Broadway, Chelsea, MA
• Market: Chelsea, MA
• Asset Type: Multifamily
• Square Footage: 10,600
• Lender: Winchester Savings Bank
• Landlord: Broadway Capital - Mikael Vienneau
• Loan Type: Refinance
• Loan Terms: 5-year fixed-rate @ 5.375%

The deal was facilitated by Mikael Vienneau, who represented Broadway Capital in the transaction. Winchester Savings Bank provided the necessary funding for the refinancing. This loan will allow the property owner to take advantage of the refinancing terms and manage the property more effectively.