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Presidential Drive

Brady Capital Advisors Provides $55.75 Million Loan For Quincy Multifamily Acquisition
FINANCEDMultiFamily

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

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:

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.

Players

Patrick Brady

Brady Capital Advisors

Broker

$202.3M

vol

7 deals

Broker
Brady Capital Advisors
Brady Capital AdvisorsLender

Quincy 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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93