One North of Boston Update 05/26/20

Chelsea Multifamily Financed for $59M

Colliers has arranged $59M in permanent financing for One North of Boston II. The multi-family building, completed in 2016 features 222 modern apartments along with a full suite of resident amenities. One North of Boston is located just off of Route 1 and steps from the Chelsea MBTA commuter rail station, a short drive or train ride to Downtown Boston. Colliers worked exclusively on behalf of the borrower, a Boston-based joint venture between Redgate Capital Partners, LLC and TransDel Corporation, to secure the ten-year, fixed-rate Fannie Mae DUS® Large Loan through an affiliate of Arbor Realty Trust, Inc.

 

 

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