Updated May 12, 2025
Brady Capital Advisors Provides $55.75 Million Loan For Quincy Multifamily Acquisition
Presidential Drive
$55,750,000
$217/SF
Building Size
256,800 SF
Asset Type
MultiFamily
Closing
Mar 25, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily development located at 0 & 2 Presidential Drive in Quincy, MA. The total square footage of the asset is 256,800. The acquisition financing for this property is set at a loan amount of $55,750,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $55,750,000
- Lender: Brady Capital Advisors
- Landlord: Ray Safi & Bechara Fren - SMFG
- Broker: Patrick Brady - Brady Capital Advisors
- Loan Type: Acquisition
This transaction features key individuals including Ray Safi and Bechara Fren, who represent the landlord side through SMFG. On the broker side, Patrick Brady, acting through Brady Capital Advisors, facilitated the loan process for this acquisition deal.
On the Map
$55,750,000
$217/SF
MultiFamily
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Quincy 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93