Deutsche to Fund Boston Complex.(Brief Article)

Commercial Mortgage Alert,  March, 2001  

• E-mail
• Print
• Link

Deutsche Bank has agreed to provide a $160 million fixed-rate mortgage on a redeveloped office/retail complex in Boston.

Deutsche and the borrower, Abbey Group of Boston, have signed off on most of the loan terms. But Abbey, a big New England developer that has never before borrowed from a securitization program, wants to resolve some issues before finalizing the transaction.

The loan is backed by a decades-old property near Fenway Park that Sears used as a warehouse for its catalog-sales unit until vacating it about 15 years ago. Over the next decade, a number of renovation ...

Read the rest of this article with a Free Trial at HighBeam Research.