KeyBank Real Estate Capital has successfully obtained a $24 million fixed-rate loan from Freddie Mac for The Dolben Company, Inc. This financing will be used to refinance existing debt on Pine Brook Place, a multifamily housing property located in Haverhill, MA. The Commercial Mortgage Group at KBREC, led by Dirk Falardeau and Matt Purtell, structured the loan.
Pine Brook Place is an attractive garden-style apartment community that consists of 240 units spread across 10 three-story buildings. With studio, one-bedroom and two-bedroom floor plans available to residents,the property spans over 9 acres and offers ample parking with 324 surface spaces.
Originally constructed in the year 1974,Pine Brook Place has recently undergone renovations which have greatly enhanced its appeal.It boasts of modern amenities such as laundry facilities,a community courtyard,a swimming pool,and storage facilities.The location is ideal as it is situated in downtown Haverhill with easy access to schools,boutiques,eateries,and within walking distance of Massachusetts Bay Transportation Authority (MBTA) Commuter Rail services.This makes it highly convenient for residents who rely on public transportation.
The article titled “KeyBank Secures $24M for MF Property in MA” highlights KeyBank’s successful acquisition of funding for Pine Brook Place without mentioning any specific names or brands associated with this transaction.
