September 24, 2019
CBRE has arranged a $20.5 million construction loan for a six-story multifamily property in Boston’s Revere suburb. John Kelly of CBRE arranged the financing on behalf of the borrower, Helge Capital Inc. through an undisclosed lender.
Located at 90 Ocean Ave., the property will consist of 75 apartment units, including a mix of studio, one- and two-bedroom apartments. Amenities will include a fitness center and a rooftop lounge. The property is located nearby the MBTA Blue Line, which offers direct access to downtown Boston.
“We are attracted to the growth and strength that the Revere multifamily market has demonstrated over the past several years,” said Oleg Uritsky, CEO of Helge Capital. “We look forward to delivering a competitive product to the market and providing a premium living experience in a great location.”
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