Mortgage Observer

Cushman & Wakefield Advises on $57 Million Capital One Loan for Boston Apartment Community

The Peninsula at 401 Mt. Vernon Street

Capital One has provided a $56.8 million loan to affiliates of Bethesda-based ASB Real Estate Investments for The Peninsula, a 285,205-square-foot apartment community in Dorchester Bay, Boston, Mortgage Observer can exclusively report.

The 10-year loan is “a delayed refinancing of a loan that was paid off a number of quarters ago,” Robert Bellinger, president and CEO of ASB Real Estate Investments, said in an email exchange. He declined to give details on the loan’s interest rate. Capital One did not return requests for comment. Read More

Sales Beat

The ‘King of Greene Street’ Sells for $41.5 Million

72-76 Greene Street sold two weeks ago for $41.5 million--$1,186 per square foot. (photo courtesy of Eastern Consolidated).

BSJ SoHo let go of 72-76 Greene Street last week for a reported sum of $41.5 million. The buyer—a partnership of Chicago-based L3 Capital and Washington, D.C.’s ASB Capital Management—paid $1,186 per square foot for the building known as “The King of Greene Street” because of its French renaissance-Second Empire architectural styling. It contains two Read More