HarborOne Bank Provides $19.6M Acquisition Financing For Boston Parking Garage
FINANCED
$19,600,000
Massachusetts
See Similar DealsOther149,000 SF
Financed 09/08/2022
FINANCED
HarborOne Bank Provides $19.6M Acquisition Financing For Boston Parking Garage
14-40 Beach Street, Boston, Massachusetts 02111, United States
See Similar DealsOther149,000 SF
Financed 09/08/2022
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$131
Total Square Footage:149,000 SF
Transaction Type:Loan
A parking garage located at 14-40 Beach St in Boston, MA has been involved in a recent transaction. The property spans approximately 149,000 square feet and is owned by Neighborhood Property Group.
Summary of transation details
- Property Type: Parking Garage
- Transaction Amount: $19,600,000
- Date: 09/08/2022
- Market: Boston, MA
The loan for this transaction was provided by HarborOne Bank. It is an acquisition financing loan with a five-year, fixed-rate term. The brokers involved in the deal are Greg LaBine and Amy Lousararian from JLL.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,600,000.00
Monthly NOI$130,666.67
Monthly Debt Service$123,885.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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