Ullico Provides $150M Construction Loan For 475-Unit Multifamily In Revere, MA | 221 Endicott Avenue | Union Labor Life Insurance Company | Riaz Cassum | MultiFamily | Loan

Summary

Loan

MASSACHUSETTS

MultiFamily

415,000 sqft

Ullico has provided a $150,000,000 construction loan for a multifamily property located at 221 Endicott Ave in Revere, MA. The property has a total of 475 units and spans 415,000 square feet.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $150,000,000
Address: 221 Endicott Ave, Revere, MA
Market: Revere, MA
Units: 475
Square Footage: 415,000

The loan was secured by the landlord, National Real Estate Advisors, Cathexis, and The HYM Investment Group, with Thomas N. O’Brien representing them. The broker for this transaction was Riaz Cassum from JLL.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Riaz Cassum

Executive Managing Director

$193.8M Sold

Details

Deal Summary

FINANCED

IMAGE: Riaz Cassum DATE: 09/10/2022 ADDRESS: 221 Endicott Ave MARKET: Revere, MA ASSET TYPE: Multifamily ~ UNITS: 475 ~ SF: 415,000 LENDER: Ullico (@UllicoInc) LANDLORD: National Real Estate Advisors (@NatAdvisors), Cathexis & The HYM Investment Group - Thomas N. O’Brien BROKER: Riaz Cassum - JLL (@JLL) LOAN AMOUNT: $150,000,000 LOAN TYPE: Construction loan

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Address221 Endicott Avenue

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