Updated Mar 11, 2025
MassHousing Provides $64.7M Loan For Multifamily Property In Boston, MA
Elm Hill Avenue, Boston, MA, USA
$64,700,000
Units
217
Asset Type
MultiFamily
Closing
Oct 20, 2020
About this deal
AI
The Blue Mountain Apartments located on Elm Hill Avenue in Boston, MA have recently secured a loan from masshousing''>MassHousing. The multifamily property consists of 217 units and is a significant asset in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $64,700,000
- Address: Blue Mountain Apartments, Elm Hill Avenue, Boston, MA
- Market: Boston, MA
- Lender: MassHousing
The loan amount acquired for this property is $64,700,000. This financing brings stability and support to the ongoing operations and management of the Blue Mountain Apartments, ensuring the provision of quality and affordable housing options in the Boston area.
Players
Boston 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93