Beacon Bank & Trust Provides $35.45 Million Financing For Office Acquisition At 10 & 20 Channel Center Street
Massachusetts
See Similar DealsBeacon Bank & Trust Provides $35.45 Million Financing For Office Acquisition At 10 & 20 Channel Center Street
10 Channel Center Street
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The office buildings located at 10 & 20 Channel Center Street in Boston, MA, have a combined square footage of 250,000. The acquisition was financed through a loan amounting to $35,450,000 from Beacon Bank & Trust. The properties were renovated between 2008 and 2009 and feature classic brick-and-beam warehouse architecture.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $52,000,000
- Loan Amount: $35,450,000
- Loan Type: Acquisition
- Lender: Beacon Bank & Trust
- Address: 10 & 20 Channel Center Street, Boston, MA
- Asset Square Footage: 250,000
The deal was facilitated by the involvement of key parties in the transaction, with a focus on the financing provided by Beacon Bank & Trust, ensuring the successful acquisition of the properties. The details surrounding the financing arrangement highlight the comprehensive approach to securing investment in this office asset.
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