Helge Capital Secures $56.25 Million First Mortgage Loan to Recap 19-Property Multifamily Portfolio in Boston MSA

by | Apr 20, 2017 | Commercial Real Estate News

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— Commercial Sales, Leasing, Real Estate, Consulting, and Brokering in Quincy, MA serving all the south shore including Quincy, Weymouth, Braintree, Milton, and Boston Massachusetts.

Helge Capital Secures $56.25 Million First Mortgage Loan to Recap 19-Property Multifamily Portfolio in Boston MSA

Helge Capital obtained a $56.25 million first mortgage loan to recapitalize a 19-property multifamily portfolio spanning the Greater Boston area and Lynn, MA.

The portfolio contains affordable and market-rate apartments. John Kelly of CBRE/New England’s multifamily debt and structured finance team arranged the financing of the portfolio through a national lender.

Helge Capital is a commercial real estate investment and operating company that…