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Boston & New England  + Massachusetts  + Apartments  |  May 18, 2023
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By: Emily Fu

Dedham Multifamily Property Lands $4M Refi 

Pearlmark Real Estate has closed a $4 million mezzanine debt investment to refinance the DIOR, a 48-unit multifamily property in Dedham, Massachusetts. Located at 978 Providence Hwy near the Legacy Center, the property has approximately 9,000 square feet of ground-level retail.  

The investment was made on behalf of Pearlmark Mezzanine Realty Partners V, L.P. Sponsor Vacca Property Management was represented by Capital Stack Commercial Real Estate Finance’s Brian Sheehan in the property recapitalization. An entity managed by Argentic provided the senior loan. Steve Gordon of Pearlmark arranged the transaction. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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