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HFF Arranges $62.3M Construction Loan For Cambridge Housing Development

Dec 7, 2012 | Reprints | Print

The Residences at Fresh Pond O’Connor Capital Partners recently secured a $62.3 million construction loan for a 428-unit Class A multi-housing development in Cambridge.

Riaz Cassum, senior managing director at Holliday, Fenoglio & Fowler, worked with O’Connor Capital Partners to secure the four-year, fixed-rated loan through RBS Citizens.

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 St. near the Alewife MBTA station and the Fresh Pond Reservation area in west Cambridge.

Commercial & Industrial