CAMBRIDGE, MASS. — JLL Capital Markets has arranged a $23 million loan through Manulife/John Hancock Life Insurance Co. to refinance 1008 Mass Ave, a 65-unit luxury community in Cambridge. The borrower was Boston Residential Group. The seven-story building, constructed in 1999, features 65 studios, one- and two-bedroom apartments along with ground-floor retail space currently occupied by Gibson Sotheby’s International Realty. The property is home to 67 covered parking spaces and amenities including 24-hour concierge services, a fitness center, a seventh-floor deck with panoramic city views and laundry facilities on every floor. JLL’s team was led by Anthony Cutone, Madeline Joyce and Michael Schwarze. Boston Residential Group is a Boston-based real estate investment and development firm founded in 2003. The company specializes in urban development in Boston neighborhoods.
JLL Capital Markets has arranged a refinancing loan for 1008 Mass Ave, a 65-unit luxury property in Cambridge, Mass.
JLL Arranges $23 Million Refinancing for Metro Boston Property
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