NEWTON, MA–David Walch, the Principal of Newton, MA-based Athens Street Capital, closed a $28.7 million portfolio loan refinance with a leading Massachusetts based regional bank, on 19 separate properties located in Cambridge, Somerville and Medford.
Walsch was negotiated a fixed interest rate of 4.25 percent for 7-years, while eliminating any ongoing loan-to-value covenants, providing flexible release and collateral substitution provisions, early principle paydown options, 30-year amortization and flexible loan prepayments.
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