Updated Mar 11, 2025
MassDevelopment Provides $207.8M Refinance Loan For Boston & Cambridge Campus
111 Western Avenue, Cambridge, Massachusetts 02139, United States
$207,830,000
Building Size
—
Asset Type
Other
Closing
Aug 8, 2022
About this deal
AI
A $207,830,000 loan has been obtained for the refinance of three properties located at 111 Western Ave, 150 Western Ave, and 26 Plympton St in Boston and Cambridge, MA. The properties comprise a campus asset type.
Summary of transaction details
- Property Type: Campus
- Transaction Amount: $207,830,000
- Address: 111 Western Ave, 150 Western Ave & 26 Plympton St
- Market: Boston & Cambridge, MA
The loan was provided by massdevelopment''>MassDevelopment, with Dan Rivera acting as the representative.
The other loan at 111 Western Avenue, Cambridge, Massachusetts 02139, United States in Cambridge, Massachusetts financed for $207.8M in 2022. 111 Western Avenue, Cambridge, Massachusetts 02139, United States is classified as Other on Traded. Named participants on the 111 Western Avenue, Cambridge, Massachusetts 02139, United States loan are Dan Rivera. This page is the Cambridge, Massachusetts file for the 111 Western Avenue, Cambridge, Massachusetts 02139, United States other financed: pricing, party profiles, and other closed other comps from the same Cambridge sit in the Market section below. Filter that Cambridge other set by closing date to see what else financed near 111 Western Avenue, Cambridge, Massachusetts 02139, United States around 2022. Published consideration for 111 Western Avenue, Cambridge, Massachusetts 02139, United States is $207.8M, dated 2022. Cite this MassDevelopment Provides $207.8M Refinance Loan For Boston & Cambridge Campus loan when underwriting similar other product around Cambridge, Massachusetts.
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$207,830,000
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93