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

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.