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Athene Annuity & Life Company Provides $95M Loan For Mall At Chestnut Hill In Newton, MA

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FINANCED
$95,000,000

Massachusetts

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Retail470,062 SF
Financed 09/19/2023
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FINANCED

Athene Annuity & Life Company Provides $95M Loan For Mall At Chestnut Hill In Newton, MA

199 Boylston Street

See Similar Deals
Retail470,062 SF
Financed 09/19/2023
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Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$202
Total Square Footage:470,062 SF
Transaction Type:Loan

The Mall at Chestnut Hill shopping center, located at 199 Boylston Street in Chestnut Hill, MA, has secured a $95 million loan from Athene Annuity & Life Company. This retail property spans a total area of 470,062 square feet. The borrower, David Simon of Simon Property Group, will utilize the financing to support the operations and development of the shopping center.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $95,000,000
  • Address: 199 Boylston Street, Chestnut Hill, MA
  • Market: Chestnut Hill, MA
  • Lender: Athene Annuity & Life Company - James R. Belardi
  • Landlord: David Simon - Simon Property Group

Athene Annuity & Life Company, represented by James R. Belardi, has provided the financing for The Mall at Chestnut Hill in Newton, Massachusetts. This arrangement will facilitate the continued success and growth of the shopping center, further solidifying David Simon's position as the landlord overseeing and managing the retail property.

Players

BROKERAGE

Athene
LENDER

6 deals$4B volume
LANDLORD

Details

FINANCED
IMAGE: David Simon DATE: 09/19/2023 ADDRESS: 199 Boylston Street MARKET: Chestnut Hill, MA ASSET TYPE: Retail ~ SF: 470,062 LENDER: Athene Annuity & Life Company - James R. Belardi LANDLORD: David Simon - Simon Property Group (@SimonPropertyGroup) LOAN AMOUNT: $95,000,000 NOTE: Athene Annuity and Life Co. has provided $95 million in financing for The Mall at Chestnut Hill shopping center in Newton, Massachusetts, a Boston suburb.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$95,000,000.00

Monthly NOI$633,333.33
Monthly Debt Service$600,464.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00