1348 LLC obtained financing of $7M from Capital One

1348 LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $7.0 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 87 residential units at 1346 Sheridan Avenue, 1358 Sheridan Avenue, 1368 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 33,201 square feet of built space. The property has 16,186 square feet of available development rights.
The average loan per unit is $79,885.
The last time the property sold was October 26, 2011, for $3,230,000.

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