BOSTON, MA—GlobeSt.com has exclusively learned that ColliersInternational Capital Markets has arranged permanent financing inthe amount of $59 million for One North of Boston II, afully-amenitized, 222-unit, class A multifamily property located at150 Heard St. in Chelsea, MA. Colliers worked exclusively on behalfof the borrower, a Boston-based joint venture between RedgateCapital Partners LLC and TransDel Corp., to secure the 10-year,fixed-rate Fannie Mae DUS Large Loan through an affiliate of ArborRealty Trust Inc.
The Colliers Capital Markets team representing the borrower wasled by EVP and National Debt & Equity Platform Leader JeffBlack, Colliers Boston Co-Chairman Kevin Phelan, and Assistant VicePresidents Sean Burke and Bryan Koop.
"Our team, along with our partners at Arbor and Fannie Mae, didan exceptional job executing this transaction amidst theuncertainty of a rapidly unfolding Black Swan event," says JeffBlack, an EVP at Colliers and a member of the firm's capitalmarkets board of advisors. "I am deeply appreciative of the trustand confidence that Redgate and TransDel placed in Colliers."
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