Affinius Capital LLC closed on a $212-million loan to refinance The Overlook at St. Gabriels, a recently built, five-building, Class A, multifamily community with 555 units located in the Brighton submarket of Boston. The loan was made to a joint venture between Blue Vista and Cabot, Cabot, & Forbes, alongside a junior mezzanine loan from Siguler Guff & Company.
The project features the rehabilitated, historic St. Gabriel’s monastery and church, along with three new residential buildings offering 555 apartments. The unit mix includes 163 studios, 169 one-bedrooms, 190 two-bedrooms, 32 three-bedrooms and a four-bedroom residence.
“The Overlook at St. Gabriels is one of the highest quality apartment communities in Boston’s Brighton submarket and ideally located near top universities such as Boston College, Boston University and Northeastern University,” said Affinius SVP Perry Katz. “The development is well amenitized and expected to continue attracting young professionals and graduate students seeking premier housing options.”
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