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
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