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205 Magnolia Street

Updated Feb 12, 2026

Hudson Valley Property Group Secures $52.5 Million Loan From KeyBank For Retail Assets In Dorchester
FINANCEDRetail

Hudson Valley Property Group Secures $52.5 Million Loan From KeyBank For Retail Assets In Dorchester

205 Magnolia Street, 15 Normandy Street, 21 Normandy Street & 5 Norwell Street

$52,500,000

Building Size

—

Asset Type

Retail

Closing

Feb 10, 2026

About this deal

AI

The transaction involves retail assets located at 205 Magnolia Street, 15 Normandy Street, 21 Normandy Street, and 5 Norwell Street in Dorchester, MA. The deal includes a loan amount of $52,500,000 provided by KeyBank. The landlord for the properties involved is Hudson Valley Property Group, which recently acquired Boston Bay and Hope Bay in Dorchester, adding 133 affordable units across 20 buildings.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $52,500,000
  • Lender: KeyBank
  • Landlord: Hudson Valley Property Group

Jason Bordainick and Andrew Cavaluzzi are notable representatives involved in this transaction. Their roles emphasize the collaboration between the entities in facilitating the Fannie Mae loan that aids in preserving long-term affordability for the newly acquired units.

On the Map

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$52,500,000

Retail

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Players

KeyBank
KeyBankLender

Dorchester Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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