The Royal Bank Of Canada Provides $150M Loan For Life Science Assets In Weston, MA
9 Riverside Road, Weston, Massachusetts 02493, United States
$150,000,000
Building Size
—
Asset Type
Other
Closing
Oct 19, 2022
AI
The property involved in this transaction is located at 9, 15 & 20 Riverside Road in Weston, MA. It is a life science asset. The deal took place on 10/20/2022.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: $150,000,000
- Lender: The Royal Bank of Canada
- Landlord: Greatland Realty Partners & Rockwood Capital
- Brokers: David Douvadjian, Sr, Timothy O’Donnell, Brian Butler, David Douvadjian, Jr & Conor Reenstierna - Newmark
The key individuals and companies involved in this deal include Timothy O’Donnell, David Douvadjian, Jr., David Douvadjian, Sr., Conor Reenstierna, and Brian Butler. The lenders for this transaction were The Royal Bank of Canada, while the landlords were Greatland Realty Partners and Rockwood Capital.
Players
Weston Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93