1353 LLC obtained financing of $7M from JPMorgan Chase Bank

1353 LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $7.1 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 85 residential units at 1365 Sheridan Avenue, 1353 Sheridan Avenue in Longwood Melrose. The deal closed on August 08, 2018 and was recorded on August 19, 2019.
The property contains a total of 120,418 square feet of built space. The property has 42,108 square feet of available development rights.
The average loan per unit is $83,153.
The last time the property sold was October 26, 2011, for $3,865,000.

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