Press Release brought to you by CBRE/New England

CBRE/NE Multifamily Debt & Structured Finance Team Arranges $3.3M Financing for 135 Beacon Street

04/03/2014

Thursday, April 3, 2014

 

 

CBRE/New England Contact:

Kara DeMichele

Tel: 617.912.7038

kara.demichele@cbre-ne.com

 

 

 

CBRE/NE Multifamily Debt & Structured Finance Team Arranges $3.3M Financing for 135 Beacon Street

 

BOSTON (April 3, 2014) — CBRE/New England’s Capital Markets team announced today that they a secured a loan of $3.3 million to finance 135 Beacon Street, a multifamily brownstone building located in the historic Back Bay neighborhood of Boston, Massachusetts.

 

CBRE/NE’s First Vice President of Multi-Housing Debt & Structured Finance, John Kelly, worked on behalf of the owner, J.F. Perroncello, to secure the financing. “It was a pleasure working with the sponsor. We were able to quickly work through the process of pairing our client with the right lender and close the loan on a very tight timeframe”

 

“Through CBRE/NE’s multifamily debt team I was able to diversify my banking relationships,” noted Perroncello. “CBRE/NE’s strong relationships within the lending community facilitated a smooth and quick process, while securing the best terms available.” 

 

The building, located half a block from the Public Garden and a short walk from the Common, is a five-story building originally constructed in 1860 and renovated in 1999. The building includes parking and has a long history of excellent occupancy.

 

About CBRE/New England

CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

 

##

04/03/2014 - 10:19

Source

CBRE/New England

Want more news about CBRE/New England? Click here