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Boston & New England  + Metro Boston  + Finance  |  May 29, 2024
Emily Fu
By: Emily Fu

KeyBank Secures $24M for MF Property in MA 

KeyBank Real Estate Capital secured a $24 million Freddie Mac fixed-rate loan for The Dolben Company, Inc. to refinance existing debt on Pine Brook Place, a multifamily housing property in Haverhill, MA. Dirk Falardeau and Matt Purtell of KBREC’s Commercial Mortgage Group structured the financing. 

Pine Brook Place is a garden-style apartment community with 240 units across 10 three-story buildings, featuring studio, one-bedroom, and two-bedroom floor plans. The property spans 9.01 acres and includes 324 surface parking spaces. 

Originally built in 1974, Pine Brook Place has been newly renovated and offers amenities such as laundry facilities, a community courtyard, a swimming pool, and storage facilities. It is conveniently located in downtown Haverhill, close to schools, shops, and restaurants, and within walking distance of the Massachusetts Bay Transportation Authority (MBTA) Commuter Rail. 

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Inside The Story

Dirk Falardeau

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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