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
Market 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93