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Griffith Properties Secures $44M Loan From MetLife For Office Property In Brighton

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FINANCED
$44,000,000

Massachusetts

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Office
Financed 11/03/2020
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FINANCED

Griffith Properties Secures $44M Loan From MetLife For Office Property In Brighton

20 Guest St, Boston, MA, 02135

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Office
Financed 11/03/2020
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Summary

MASSACHUSETTS
Asset Type:Office
Transaction Type:Loan

The office property located at 20 Guest St, Boston, MA, 02135 in the Brighton market was involved in a loan transaction. The borrower, Griffith Properties, secured a loan amount of $44,000,000.00 from MetLife, with Lauren O’Neil from JLL acting as the borrower's representative. The asset type of the property is an office.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $44,000,000.00
  • Address: 20 Guest St, Boston, MA, 02135
  • Market: Brighton
  • Lender: MetLife
  • Borrower: Griffith Properties
  • Borrower's Rep: Lauren O’Neil (JLL)

The loan transaction involved Griffith Properties as the borrower, securing a significant amount from the lender, MetLife. Lauren O’Neil from JLL represented the borrower in this deal, facilitating the loan agreement for the office property situated at 20 Guest St in Boston, MA. This transaction highlights the financial partnership between the borrower and the lender in the Brighton market.

Players

Lauren O’Neil
6 deals$287.5M volume
BROKER

MetLife
LENDER

Details

FINANCED
IMAGE: 11/03/2020 ADDRESS: 20 Guest St, Boston, MA, 02135 MARKET: Brighton ASSET TYPE: Office BORROWER'S REP: Lauren O’Neil(JLL) BORROWER: Griffith Properties LENDER: MetLife LOAN AMOUNT: $44,000,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$44,000,000.00

Monthly NOI$293,333.33
Monthly Debt Service$278,109.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00