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Walker & Dunlop Capital Markets recently arranged the sale and financing of 929 MASS, a mixed-use, two-building property located in the heart of Cambridge, in Central Square, Massachusetts.
Led by Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason, and Maggie McFarland, the team executed the $53.6 million sale of the property on behalf of an institutional seller. Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for John M Corcoran & Company (JMC), arranging a $37.1 million fixed-rate, interest-only Fannie Mae loan.
“Combined with its prime location in one of Greater Boston’s most dynamic and sought-after submarkets, 929 MASS has strong potential to meet local housing demand and enhance the units to appeal to affluent professionals working in the area,” said D’Amato, managing director at Walker & Dunlop. “We are happy to support this transaction by leveraging Walker & Dunlop’s integrated platform and deep expertise to deliver a seamless, one-stop solution for CMC and Stars REI.”