Senior housing fund borrows $7.8M from Orix for multifamily property in Longwood Melrose

Walton Avenue Senior Housing Development Fund as borrower signed a loan agreement with lender Orix Real Estate Holdings through the entity Orix Real Estate Capital, LLC valued at $7.8 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 75 residential units at 1181 Walton Avenue in Longwood Melrose. The deal closed on June 22, 2020 and was recorded on June 30, 2020.
The property contains a total of 54,684 square feet of built space.
The average loan per unit is $104,331.

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

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