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280 Summer Street

Sam Slater Of Tremont Asset Management Secures $27M Refinance Loan From Middlesex Savings Bank
FINANCEDOffice

Sam Slater Of Tremont Asset Management Secures $27M Refinance Loan From Middlesex Savings Bank

280 Summer Street

$27,000,000

Building Size

Asset Type

Office

Closing

May 31, 2026

AI

The property asset involved in the transaction is an office located at 280 Summer Street in the Boston, MA market. The transaction features a loan amount of $27,000,000, which is classified as a refinance. Details about the property itself, such as square footage, are not specified.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $27,000,000
  • Lender: Middlesex Savings Bank
  • Landlord: Sam Slater - Tremont Asset Management
  • Broker: Patrick Boyle - Colliers

The key individuals involved in the deal include Sam Slater, representing the landlord through Tremont Asset Management, and Patrick Boyle, acting as the broker from Colliers. The lender for this transaction is Middlesex Savings Bank, facilitating the refinance process.

Players

Patrick Boyle

Colliers

Broker

$275.5M

vol

10 deals

Broker
Middlesex Savings Bank
Middlesex Savings BankLender

Market Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93