Updated Oct 13, 2026
Silverstein Capital & Rialto Capital Obtain $104M Loan For Dock Square Garage
20 Clinton Street
$104,000,000
Building Size
—
Asset Type
Parking Lot
Closing
Apr 10, 2024
About this deal
AI
The loan transaction involved a parking lot located at 20 Clinton Street in Boston, MA. The loan amount for the acquisition was $104,000,000 provided by TPG Real Estate Credit. The landlords involved in the transaction were Silverstein Capital Partners and Rialto Capital Management, who secured financing to acquire the 698-space parking facility.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $104,000,000
- Address: 20 Clinton Street
- Market: Boston, MA
- Lender: TPG Real Estate Credit
- Landlord: Silverstein Capital Partners & Rialto Capital Management
- Brokers: Conor Reenstierna, David Douvadjian Jr, David Douvadjian Sr. & Timothy O’Donnell - Newmark
The deal's key individuals and companies included Conor Reenstierna, David Douvadjian Jr, David Douvadjian Sr., and Timothy O’Donnell from Newmark who acted as brokers in the transaction.
On the Map
$104,000,000
Parking Lot
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Players
Boston Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93