Connect Media > National News > Northeast > Massachusetts > American Street Arranges $30M for Brookline, MA MF
barclay tower brookline ma

June 1, 2019 Comments Off on American Street Arranges $30M for Brookline, MA MF Views: 943 Boston New England News, Massachusetts, Metro Boston, National News, Northeast

American Street Arranges $30M for Brookline, MA MF

Order Reprints...

Chicago-based American Street Capital (ASC) arranged a $30.4 million loan for a 111-unit, high-rise multifamily property in Brookline, MA. Built in 1965, the 15-story tower includes a mix of one and two-bedroom apartments averaging 1,014 square feet.

The asset is located immediately west of Boston in an affluent area. The property’s amenities include a 92-space subterranean parking garage, rooftop pool with pavilion, laundry facilities and a tenant lounge.

American Street exclusively represented a family office sponsor to secure the fixed rate refinance, transitioning the asset out of the floating rate loan ASC originated in 2016. The loan structure featured a non-recourse 15-year fixed term with an initial eight years of interest only on a 30-year amortization schedule. The loan was placed with a correspondent agency lender.

The loan was co-originated by ASC’s Igor Zhizhin and Alexander F. Rek.

Connect Apartments is planned June 20th in Los Angeles. You can get more information and register to attend on this link.

Connect With ASC’s Zhizhin

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.