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Brookline MF Property Lands $16M Refi
Babcock Place, a new 45-unit multifamily property nestled in Brookline’s Coolidge Corner, MA., has landed $16 million refinancing from Brookline Bank.
Constructed in 2023, the five-story building offers studio, 1-bedroom, 2-bedroom, and 3-bedroom units, complemented by 23 parking spaces and amenities including a roof deck. The property is currently fully leased.
The Colliers team, led by Patrick Boyle, worked with developer Sam Slater of Tremont Asset Management LLC to secure the fixed rate refinancing. “The Tremont team developed a first-class, thoughtfully designed and laid out community, creating a standout rental option in a historic neighborhood,” said Boyle, “Their project success and Brookline Bank’s tailored lending approach led to an outstanding permanent loan execution in the face of capital markets and economic headwinds.”
- ◦Financing
