1230 LLC obtained financing of $9M from Capital One

August 23, 2019 6:24 am

1230 LLC as borrower signed a loan agreement with lender Capital One valued at $9.1 million for 2 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 110 residential units at 1230 Sheridan Avenue, 1264 Sheridan Avenue in Longwood Melrose. The deal closed on August 12, 2019 and was recorded on August 22, 2019.
The property contains a total of 57,022 square feet of built space.
The average loan per unit is $83,091.
The last time the property sold was October 26, 2011, for $5,390,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article