Berkadia Provides $42.9M Loan For 88-Unit Multifamily Property On Estate Dr, Chestnut Hill, MA

The multifamily property located at 200 Estate Dr in Chestnut Hill, MA has been involved in a recent transaction. The property is owned by Chestnut Hill Realty, specifically Edward Zuker and George McHugh. The loan for this transaction was provided by berkadia''>berkadia'>Berkadia, with Justin Wheeler representing the lender. The loan amount for the transaction was $42,900,000 and it has a 15-year term. The property consists of 88 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,900,000
• Date: 04/16/2021
• Address: 200 Estate Dr, Chestnut Hill, MA
• Market: Chestnut Hill, MA
• Landlord: Chestnut Hill Realty - Edward Zuker & George McHugh
• Lender: Berkadia - Justin Wheeler
• Loan Term: 15-year term
• Units: 88

This transaction was facilitated by Justin Wheeler from Berkadia, serving as the lender's representative. Edward Zuker and George McHugh, representing Chestnut Hill Realty, acted as the landlords in this deal. This loan transaction further solidifies the multifamily property's position in the real estate market.