Updated Sep 1, 2026
Faros Properties Secures $33.4 Million Refinance Loan From Needham Bank For Office In Boston
14 Beacon Street
$33,400,000
$338/SF
Building Size
98,558 SF
Asset Type
Office
Closing
Aug 28, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 14 Beacon Street in Boston, MA, with a total square footage of 98,558. The transaction was a refinance, with a loan amount of $33,400,000 provided by Needham Bank to Faros Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $33,400,000
- Lender: Needham Bank
- Borrower: Faros Properties
- Broker: Jonathan Schneider - Boston Realty Advisors
The deal was facilitated by broker Jonathan Schneider, who represents Faros Properties through Boston Realty Advisors. This transaction reflects the ongoing financial activity in the Boston office market.
Players
Boston 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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93