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20 Guest St, Boston, MA, 02135

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

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

20 Guest St, Boston, MA, 02135

$44,000,000

Building Size

Asset Type

Office

Closing

Nov 3, 2020

AI

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

AEW Capital Management

Broker

$287.5M

vol

6 deals

Broker
MetLife
MetLifeLender

Brighton Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93