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220 Lincoln Boulevard

Forte Real Estate Development Secures $46.5 Million Refinance Loan For 220 Lincoln Boulevard Multifamily
FINANCEDMultiFamily

Forte Real Estate Development Secures $46.5 Million Refinance Loan For 220 Lincoln Boulevard Multifamily

220 Lincoln Boulevard

$46,500,000

$206/SF

Building Size

225,000 SF

Asset Type

MultiFamily

Closing

Sep 6, 2024

AI

The property asset involved in this transaction is a MultiFamily building located at 220 Lincoln Boulevard in the Middlesex market. The asset encompasses a total square footage of 225,000 and consists of 200 units.

Summary of transaction details:

The key individuals involved in this transaction are Drew Fletcher, Bryan Grover, and John Williams, who represent Greystone in this refinancing deal. They played a significant role in facilitating the loan secured by the property.

Players

Bryan Grover

Greystone

Broker

$6.2B

vol

36 deals

Broker
Greystone
GreystoneBrokerage

Middlesex MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93