BOSTON—HFF has arranged $55 million in first mortgage financing for 185 Dartmouth Street, a 164,559-square-foot, class A, boutique office and retail building in Boston's Back Bay neighborhood.
Working on behalf of Synergy Investments, HFF placed the long-term, fixed-rate loan with HSBC Bank. Loan proceeds were used to pay off existing debt, provide the necessary capital to complete the business plan and return equity upon stabilization.
The HFF debt placement team representing the borrower was led by managing director Greg LaBine and real estate analyst Patrick McAneny.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
