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Boston & New England  + Boston  + Finance  | 

Affinius Provides $212M Refi on Newly Built Boston Apartments

Affinius Capital LLC closed on a $212-million loan to refinance The Overlook at St. Gabriels, a recently built, five-building, Class A, multifamily community with 555 units located in the Brighton submarket of Boston. The loan was made to a joint venture between Blue Vista and Cabot, Cabot, & Forbes, alongside a junior mezzanine loan from Siguler Guff & Company.

The project features the rehabilitated, historic St. Gabriel’s monastery and church, along with three new residential buildings offering 555 apartments. The unit mix includes 163 studios, 169 one-bedrooms, 190 two-bedrooms, 32 three-bedrooms and a four-bedroom residence.

“The Overlook at St. Gabriels is one of the highest quality apartment communities in Boston’s Brighton submarket and ideally located near top universities such as Boston College, Boston University and Northeastern University,” said Affinius SVP Perry Katz. “The development is well amenitized and expected to continue attracting young professionals and graduate students seeking premier housing options.”

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Affinius Capital's Katz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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