Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Beacon Hill Condos Secure $173M Refi
On behalf of Center Court Mass LLC, NKF recently arranged a $173-million loan to refinance the Archer Residences, a 62-unit luxury condominium project in Boston’s Beacon Hill neighborhood. The loan was provided by Apollo Global Management and RCG Longview, a CenterSquare Company.
The NKF team was led by Dustin Stolly and Jordan Roeschlaub, co-heads of the New York debt & structured finance team. Nick Scribani, Chris Kramer, Brett Wilburn and Drew Ahlers also assisted in arranging the financing.
Featuring designs from architecture firms LDa and The Architecture Team Inc., the Archer Residences joins two historically significant buildings to create what’s reportedly the first full-service luxury condo in Beacon Hill.
“By gutting the space and redeveloping the two historic buildings, Archer Residences is able to offer ultra-luxury residences and an unparalleled amenity package while maintaining the neighborhood’s historical setting,” said Stolly. “It’s a truly unique asset.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
