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

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FINANCED
$18,800,000

Massachusetts

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MultiFamily293,539 SF
Financed
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Property Image
FINANCED

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

Hemenway Street, Boston, MA 02115

See Similar Deals
MultiFamily293,539 SF
Financed
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$64
Total Square Footage:293,539 SF
Transaction Type:Loan

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
10 deals$139.7M volume(212) 612-0140
BROKER

Jason Bogopulsky
Meridian Capital Group
7 deals$66.8M volume
BROKER

Details

FINANCED
IMAGE: Zev Feder & Jason Bogopulsky DATE: 09/11/2021 ADDRESS: Hemenway Street MARKET: Boston, MA ASSET TYPE: Multifamily ~ UNITS: 30 BROKERS: Zev Feder & Jason Bogopulsky - Meridian Capital Group LOAN AMOUNT: $18,800,000 LOAN TERM: 10-year loan, fixed rate of 3.00% and three years of interest-only payments, 30-year amortization schedule LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,800,000.00

Monthly NOI$125,333.33
Monthly Debt Service$118,828.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00