CBRE Arranges $20.5M Construction Loan for Multifamily Property Near Boston

REVERE, MASS. — CBRE has arranged a $20.5 million construction loan for a multifamily property in Revere, a northern suburb of Boston. Located at 90 Ocean Ave., the six-story property will offer 75 apartment units, including studio, one- and two-bedroom floor plans. The building will also include a fitness center and rooftop lounge. John Kelly of CBRE arranged the financing on behalf of the borrower, Helge Capital Inc.

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