MassHousing Provides $64.7M Loan For Multifamily Property In Boston, MA
FINANCED
$64,700,000
Massachusetts
See Similar DealsMultiFamily
Financed 10/21/2020
FINANCED
MassHousing Provides $64.7M Loan For Multifamily Property In Boston, MA
Elm Hill Avenue, Boston, MA, USA
See Similar DealsMultiFamily
Financed 10/21/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$64,700,000.00
Monthly NOI$431,333.33
Monthly Debt Service$408,948.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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