CIM Group Provides $93.1 Million Loan For DivcoWest’s Acquisition Of 399 Boylston Street

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.