facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Other

/

Loan

/

1050 Waltham Street, Lexing...

Updated Feb 16, 2024

ACORE Capital Provides $89.8M Construction Loan For Life Science Facility In Lexington, MA
FINANCEDOther

ACORE Capital Provides $89.8M Construction Loan For Life Science Facility In Lexington, MA

1050 Waltham Street, Lexington, MA 02421, USA

$89,800,000

$498/SF

Building Size

180,000 SF

Asset Type

Other

Closing

Apr 13, 2021

About this deal

AI

A life science facility located at 1050 Waltham Street in Lexington, MA, was involved in a recent transaction. The property spans 180,000 square feet and is owned by Singerman Real Estate, represented by Seth Singerman, along with Greatland Realty Partners, represented by Philip Dorman and Kevin Sheehan. The lender in this deal was ACORE Capital, represented by Warren de Haan. The transaction took the form of a construction loan, with an amount of $89,800,000.

Summary of transaction details

  • Property Type: Life Science Facility
  • Transaction Amount: $89,800,000
  • Address: 1050 Waltham Street, Lexington, MA
  • Market: Lexington, MA

The individuals and companies involved in this transaction include Seth Singerman and Greatland Realty Partners, who represented the landlord, and Warren de Haan from ACORE Capital, who acted as the lender. They played crucial roles in facilitating the construction loan for this life science facility in Lexington.

Players

Acore Capital
Acore CapitalLender

Lexington Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

Deal FAQ

About $498 per square foot on a published $89.8M for 180,000 square feet (2021).

Browse Massachusetts other loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets