BOSTON-AEW Capital Management and Saracen Properties LLC have refinanced a $25-million interim bridge loan for an 11-story office building spanning 223,445 square feet at 2 Oliver St. in Boston. Webster Financial Corp. financed the transaction.
AEW and Saracen acquired the building and its $49-million mortgage from Boston-based Westport Point Capital in October. Westport purchased the Oliver Street property in 2007 for $61.5 million from McLean, Virginia-based JER Partners. The borrowers were represented by Colliers International's Kevin Phelan, Ryan Bradley and Stephen Horan.For the full story, go to Boston Business Journal.
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