Winchester Savings Bank Provides $2.57M Refinance Loan For Multifamily Property In Chelsea, MA

Broadway Capital, represented by Mikael Vienneau, refinanced a multifamily property located at 783 Broadway, 71 Chester & 748 Broadway in Chelsea, MA. The property spans approximately 10,600 square feet and is situated in the Chelsea market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,566,000
• Lender: Winchester Savings Bank
• Landlord: Broadway Capital - Mikael Vienneau
• Loan Type: Refinance
• Loan Terms: 5 year fixed-rate @ 5.375%

The lender for this transaction was Winchester Savings Bank. Broadway Capital, with Mikael Vienneau representing their interests, acted as the landlord. The loan provided was a refinance, with terms set at 5 years fixed-rate with an interest rate of 5.375%.