Tracy Peters Of Lument Provides $27M Refinance Loan For East Canton Street Apartments In Boston

The transaction involves an 80-unit multifamily property located at 79-109 East Canton Street in Boston, MA. The asset is classified under historic affordable housing and has been financed through a refinance loan mechanism. The total loan amount secured for this property is $27,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,000,000
• Units: 80
• Lender: Tracy Peters - Lument
• Landlord: Andrew P. Burnes - HallKeen Management
• Loan Type: Refinance

This refinancing move was facilitated by Lument, which provided the HUD-insured loan specifically aimed at enhancing the financial footing of East Canton Street Apartments, located in Boston's InkBlock neighborhood.