Boylston Street
Boston, MA

Investment Type: Construction Financing
Property Description: Multifamily / Retail
Loan Amount: $165MM

  • MRC originated a $165MM first mortgage loan collateralized by the 451-unit, 291,000 GSF luxury multifamily development site in the Fenway neighborhood of Boston, Massachusetts

  • The Property will offer efficiently furnished units and provide services including utilities, Wi-Fi, and cable, resulting in a lower effective cost of living compared to nearby Class A product, and removing a fundamental barrier to entry for those who could not otherwise afford to live in Fenway

  • As part of the entitlement process, the Borrower worked closely with local community organizations and agreed to build a 10,000 SF, 156-seat LGBTQ-centric theater at the base of the Property