The Royal Bank Of Canada Provides $150M Loan For Life Science Assets In Weston, MA
FINANCED
$150,000,000
+ 2
Massachusetts
See Similar DealsOther
Financed 10/20/2022
FINANCED
The Royal Bank Of Canada Provides $150M Loan For Life Science Assets In Weston, MA
9 Riverside Road, Weston, Massachusetts 02493, United States
See Similar DealsOther
Financed 10/20/2022
+ 2
Summary
MASSACHUSETTS
Asset Type:Other
Transaction Type:Loan
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
LENDER
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$150,000,000.00
Monthly NOI$1,000,000.00
Monthly Debt Service$948,102.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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