facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Loan

/

Hemenway Street, Boston, MA...

Meridian Capital Group Refinances Multifamily Property On Hemenway Street In Boston For $18.8M
FINANCEDMultiFamily

Meridian Capital Group Refinances Multifamily Property On Hemenway Street In Boston For $18.8M

Hemenway Street, Boston, MA 02115

$18,800,000

$64/SF

Building Size

293,539 SF

Asset Type

MultiFamily

Closing

Sep 11, 2021

AI

A multifamily property with 30 units located on Hemenway Street in Boston, MA has recently undergone a refinancing transaction. The deal was facilitated by Zev Feder and Jason Bogopulsky of Meridian Capital Group. The property features a loan amount of $18,800,000 and a 10-year loan term. It has a fixed interest rate of 3.00% and offers three years of interest-only payments. The loan follows a 30-year amortization schedule.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $18,800,000
  • Address: Hemenway Street, Boston, MA
  • Market: Boston, MA
  • Units: 30

Zev Feder and Jason Bogopulsky, representing Meridian Capital Group, played a crucial role in facilitating the refinancing deal for this multifamily property. Their expertise in the real estate market and loan process ensured a successful transaction.

Players

Zev Feder

Meridian Capital Group

Broker

$139.7M

vol

10 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93