JLL Capital Markets arranged a $23-million senior financing for 1008 Mass Ave, a 65-unit luxury multifamily property in Cambridge, MA. With support from Boston Residential Group, LLC, JLL managing director Anthony Cutone, director Madeline Joyce and associate Michael Schwarze represented the undisclosed borrower in securing the loan through Manulife / John Hancock Life Insurance Co.

Constructed in 1999 and located at 1008 Massachusetts Ave. in Cambridge, the seven-story property sits between Harvard Square and Central Square, with a Walk Score of 97 out of 100. The building is near Harvard University and MIT, positioning it within Cambridge’s academic and innovation hub. There is ground-floor retail space, currently occupied by Gibson Sotheby’s International Realty.

“This transaction demonstrates the continued institutional interest in well-positioned multifamily assets in Cambridge’s dynamic market,” said Cutone. “1008 Massachusetts Ave.’s prime location between Harvard Square and Central Square, combined with its quality construction and strong operational performance, made it an attractive refinancing opportunity.”