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

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FINANCED
$52,500,000

Massachusetts

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Retail
Financed 02/10/2026
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FINANCED

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

See Similar Deals
Retail
Financed 02/10/2026
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Summary

MASSACHUSETTS
Asset Type:Retail
Transaction Type:Loan

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.

Players

LENDER

Details

FINANCED
IMAGE: Jason Bordainick & Andrew Cavaluzzi DATE: 02/10/2026 ADDRESS: 205 Magnolia Street, 15 Normandy Street, 21 Normandy Street & 5 Norwell Street MARKET: Dorchester, MA ASSET TYPE: Retail LENDER: KeyBank LANDLORD: Hudson Valley Property Group LOAN AMOUNT: $52,500,000 NOTE: Hudson Valley Property Group acquired Boston Bay and Hope Bay in Dorchester, adding 133 affordable units across 20 buildings, with KeyBank providing a $52.5 million Fannie Mae loan to preserve long-term affordability.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$52,500,000.00

Monthly NOI$350,000.00
Monthly Debt Service$331,835.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00