CWCapital LLC, a financer to the multifamily and health care real estate industries and subsidiary of CW Financial Services, recently provided $130 million in financing for the refinance of Church Park, a 508-unit mixed-use building located at 221 Massachusetts Ave. in Boston.

The 10-year fixed-rate loan, carrying a 5.51 percent interest rate, was financed through CWCapital’s agency lending group and was originated by Andrew Gnazzo and Michael Darling, vice presidents in the firm’s Boston office.

The loan was executed through Freddie Mac’s Capital Markets Execution (CME) program, the firm said.

Church Park was developed in 1973 and features a six-story parking garage and 71,399 square feet of retail space on the ground level.

CAS Financial Advisory Services (CAS FAS) advised the borrower on the transaction which included a competitive bidding process, CWCapital said in a statement.

This is the first transaction CWCapital has executed with CAS FAS and the borrower, Curtis R. Kemeny, CEO of Boston Residential Group and a principal of Church Park.

CWCapital Refinances Church Park With $130M

by Banker & Tradesman time to read: 1 min
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