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165 Main Street

Updated Oct 8, 2026

Duncan Osborne Of Willow Bridge Property Co. Secures $522M Refinance Loan From BNP Paribas
FINANCEDMultiFamily

Duncan Osborne Of Willow Bridge Property Co. Secures $522M Refinance Loan From BNP Paribas

165 Main Street

$522,000,000

Units

300

Asset Type

MultiFamily

Closing

Oct 6, 2026

About this deal

AI

The transaction involves a multi-family asset located at 165 Main Street in Cambridge, MA. This property is known for its capacity as a residential development, specifically being a 25-story, 300-unit residential tower situated in Kendall Square.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $522,000,000
  • Lender: BNP Paribas
  • Landlord: Sally Kornbluth - Massachusetts Institute of Technology (MIT)
  • Borrower: Duncan Osborne - Willow Bridge Property Co.
  • Loan Type: Refinance

This deal was facilitated by the involvement of Sally Kornbluth, representing Massachusetts Institute of Technology (MIT) as the landlord, and Duncan Osborne, representing Willow Bridge Property Co. as the borrower. This refinancing arrangement underscores the participation of established entities in the property market.

On the Map

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$522,000,000

MultiFamily

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Players

Massachusetts Institute of Technology (MIT)
Massachusetts Institute of Technology (MIT)Buyer
BNP Paribas
BNP ParibasLender
Willow Bridge Property Co.
Willow Bridge Property Co.Landlord

Cambridge MultiFamily Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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