**Berkadia Secures $60.8M Refinance for Waterfall Hills at Canton**
Berkadia has successfully closed a $60.8 million refinancing deal for Waterfall Hills at Canton, a garden-style multifamily property located at 55 Waterfall Drive in Canton, Massachusetts. The financing was arranged by Robert Lipson, Managing Director at Berkadia’s New York office, through Freddie Mac. The loan was secured on behalf of the property’s sponsor, Chestnut Hill Realty Investments, based in Boston.
“Chestnut Hill Realty, Freddie Mac, and Berkadia share a 25-year partnership that ensured this closing was seamless and expertly executed,” said Peter Poras, President of Chestnut Hill Realty. “We are excited about the opportunities that lie ahead for Waterfall Hills at Canton and our expanding presence in the Boston market.”
Waterfall Hills at Canton benefits from a strategic location with convenient access to Downtown Boston, I-95, and Gillette Stadium. The community features a mix of renovated apartment units with open floorplans, appealing to both families and young professionals seeking a suburban lifestyle. On-site amenities include a fitness center, swimming pool with sundeck, tennis court, and dog park.
