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| The Residences at Fresh Pond, Cambridge, MA |
BOSTON, MA – HFF announced today that it has arranged a
$62.3 million construction loan for The Residences at Fresh Pond, a
428-unit, Class A multi-housing development in Cambridge, Massachusetts.
HFF
worked on behalf of the borrower, O’Connor Capital Partners, to secure the
four-year, fixed-rate loan through RBS Citizens. The loan has one 12-month extension option.
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| Riaz Cassum |
The
Residences at Fresh Pond will be built in two phases. Phase one will have 260 units and 251 parking spaces, and phase
two will have 168 units and 151 parking spaces. The one- and two-bedroom units will average 873 square feet. Community amenities will include a swimming
pool, roof deck lounge, bocce court, fitness center, movie theatre, community
club room and internet lounge.
The Residences at Fresh Pond is located at 70
Fawcett Street near the Alewife MBTA station and the Fresh Pond Reservation
area in west Cambridge.
The
HFF team representing O’Connor Capital Partners was led by senior managing
director Riaz Cassum.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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