Berkadia Secures $21M For Capitalization of Two Garden-Style Apartments
June 30, 2020
111-115 Kilsyth Road, Brighton MA
BOSTON–Berkadia Commercial Mortgage recently secured $21.08 million in combined financing for Beacon Fairbanks and Kilsyth Manor Apartments, two garden-style multifamily properties in Brookline and Brighton. Managing Director Robert Lipson of Berkadia’s Shrewsbury, New Jersey office secured the permanent refinancing for both properties on behalf of Massachusetts-based Chestnut Hill Realty.
The 10-year Freddie Mac loans both feature an attractive low fixed interest rate, a 75 percent loan-to-value ratio and a 30-year amortization schedule. “Berkadia was very pleased to work with Chestnut Hill Realty and Freddie Mac to help recapitalize the two properties and give the sponsor the flexibility to keep improving his portfolio,” said Lipson.
The Beacon Fairbanks property is located at 1723 Beacon St., Brookline, and features studio, one and two-bedroom floor plans. Community amenities include a laundry facility. Residents are afforded convenient access to the shops and restaurants along Beacon Street. The Kilsyth Manor Apartments is located at 111-115 Kilsyth Road and 72 Lanark Road. The property features one, two- and three-bedroom floor plans with walk-in closets. Community amenities include a laundry facility.
-
29 Garfield Street, Exeter NH
May 08, 2025
Full Story
Real Briefs
Bartley of Nordlund Sell 7,920 SF Industrial Building in Exeter, NH
May 08, 2025
Exeter, NH — Rick Bartley of Nordlund Associates, Inc. completed the brokerage assignment of 29 Garfield St., Exeter, NH. The pr
-
101 Main Street, Medford MA
April 30, 2025
Full Story
Real Briefs
Mass General Brigham Renews 5,401 SF Medical Lease in Medford Via Freudenheim
April 30, 2025
Boston — Freudenheim Partners announced the lease renewal of 5,401 square feet by Mass General Brigham at 101 Main Street in Med
-
343 Congress Street Boston MA
April 29, 2025
Full Story
Real Briefs
BGO Sells 343 Congress to North Colony; Fort Point Mixed-Use Brings $47.75M
April 29, 2025
Boston — Anchored by the nation's largest online pet retailer, Chewy, the 114,677 SF brick and beam building at the entrance of
-
150 Draper Ave Architectural Renderings
April 23, 2025
Full Story
Real Briefs
Foster of Rockland Trust Completes Financing for N. Attleboro 40-Unit Mixed-Income
April 23, 2025
Rockland — Darin Foster, Vice President and Commercial Banking Officer at Rockland Trust, recently closed the financing to 150 D
-
Boston Stars Baseball Team in the Dominican Republic, League Commissioner Rafael Moscat Left
March 27, 2025
Full Story
Real Briefs
A Baseball Passion Fulfills Kids and Janitronics Warehouse Manager’s Heart
March 27, 2025
BOSTON — Janitronics Building Services' Warehouse Manager, Rafael Moscat, grew up in the town of Bani, in the Dominican Republi