CBRE/New England’s Multifamily Debt & Structured Finance team has secured a a $56.25 million first mortgage loan for Helge Capital to finance the recapitalization of a 19-building multifamily portfolio. The assets are located throughout Greater Boston and Lynn, MA and include both market-rate and affordable apartments. CBRE/NE’s John Kelly arranged the financing through a national lender on behalf of Helge Capital, which is a commercial real estate investment and operating company specializing in multifamily and development properties in the Greater Boston area.
“Any time you have a scattered site portfolio of this size, it takes a full team effort from all parties to get the transaction through the process,” stated CBRE/NE’s Kelly. “We were able to secure financing with a national lender that understood our client’s business plan and was able to provide financing terms to match.”
