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Bank OZK Provides $246M Construction Loan For Development Site In Somerville, MA

808 Windsor Street
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This Development Site property located in MA received a loan of $246,000,000 over 2 years ago. The brokers of the deal were Brett Paulsrud and Henry Schaffer

The development site located at 808 Windsor Street in Somerville, MA has secured a construction loan worth $246,000,000. The loan, provided by Bank OZK, is set to facilitate the development of the property. The loan terms span over a period of 5 years, allowing ample time for the completion of the project.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $246,000,000
  • Address: 808 Windsor Street, Somerville, MA
  • Market: Somerville, MA

The property is owned by Leggat McCall Properties, DLJ Real Estate Capital Partners, and Deutsche Finance America. Assisting in the transaction, Brett Paulsrud and Henry Schaffer from JLL acted as the brokers representing the parties involved in the deal.

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Deals
  • Location
    808 Windsor Street, Somerville, Massachusetts 02141, United States808 Windsor Street, Somerville, Massachusetts 02141, United States
  • Loan Value
    $246,000,000$246,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Henry Schaffer

Henry Schaffer

Deals10
Financed$1.5B

Brett Paulsrud

Brett Paulsrud

Deals14
Financed$2.3B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN IMAGE: Brett Paulsrud & Henry Schaffer DATE: 12/21/2021 ADDRESS: 808 Windsor Street MARKET: Somerville, MA ASSET TYPE: Development Site LENDER: Bank OZK LANDLORD: Leggat McCall Properties, DLJ Real Estate Capital Partners & Deutsche Finance America BROKER: Brett Paulsrud & Henry Schaffer - JLL LOAN AMOUNT: $246,000,000 LOAN TYPE: Construction loan LOAN TERMS: 5 year loan

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808 Windsor Street

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