A 19-building apartment portfolio in Boston and Lynn has obtained $62 million in recapitalization financing.

CBRE capital markets arranged the financing on behalf of Boston-based Helge Capital, which owns the portfolio consisting of market-rate and affordable units.

“Through creating a competitive process with various lenders, we were able to secure a creative structure that matched our client’s business plan,” CBRE Executive Vice President John Kelly said in a statement. “Our client was able to recapitalize their initial investment and position the assets for long-term operational and financial success.”

Helge Capital specializes in workforce housing in Greater Boston, and manages the portfolio through its affiliate, Advanced Property Management.

Developer Refinances Boston and Lynn Apartment Portfolio

by Banker & Tradesman time to read: <1 min
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