Updated Nov 17, 2025
CIM Group Provides $93.1 Million Loan For DivcoWest’s Acquisition Of 399 Boylston Street
399 Boylston Street
$93,100,000
Building Size
—
Asset Type
Office
Closing
Nov 12, 2025
About this deal
AI
The asset involved in this transaction is an office building located at 399 Boylston Street in Boston, MA. The property consists of 245,000 square feet and has 13 stories. It is part of the Back Bay area and is associated with a total transaction value of $125 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $125,000,000
- Loan Amount: $93,100,000
- Loan Type: Acquisition
- Lender: Richard Ressler - CIM Group
- Landlord: Stuart Shiff - DivcoWest
This transaction features Richard Ressler representing CIM Group, which provided the loan funding for DivcoWest’s purchase of the property. Stuart Shiff is the landlord representing DivcoWest in this acquisition deal.
On the Map
$93,100,000
Office
View full map
Players
Boston Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse Boston office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93