800 Parker Street
Update
08/16/20
Mission Hill Multifamily Financed for $1.8M
The multifamily property at 800 Parker Street in Mission Hill has been financed for $1.829M through Bank Newport. The 3-family was purchased for $875,000 in 2013 and completely renovated in 2014 with high-quality finishes. The property is well located near several universities and hospitals in the Longwood Medical Area. FinanceBoston, a Boston based real estate capital advisory firm, arranged the senior loan. “This closing was completed by arranging highly competitive terms commensurate with the strength of the asset and it’s strong historical rental income, “ said Brian Rooney, Senior Associate at FinanceBoston. “Now is a great time for any commercial real estate owner to look at locking in historically low long term rates.”