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Boston & New England  + Finance  |  May 26, 2020
David Cohen
By: David Cohen

Colliers Secures $59M Refinancing for Chelsea MF Community

Colliers International has arranged a $59 million loan to refinance One North of Boston II, a 222-unit multifamily property in Chelsea, MA.

Located at 150 Heard St., the property offers transit-oriented, amenity-rich neighborhood living with direct access to downtown Boston, Cambridge and Logan International Airport by way of a short walk to Chelsea Station.

Jeff Black, Kevin Phelan, Sean Burke and Bryan Koop of Colliers represented the borrower, a Boston-based joint venture between Redgate Capital Partners, LLC and TransDel Corporation, in securing a 10-year, fixed-rate Fannie Mae DUS® Large Loan through an affiliate of Arbor Realty Trust Inc.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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