News: Front Section
Posted: December 16, 2016
Doyle of Larew Doyle & Associates arranges $23.5 million financing for Edge at Union Station
Edge at Union Station, 8 Grafton Street - Worcester, MA
Alan Doyle, Larew Doyle & AssociatesWorcester, MA Alan Doyle, principal of Larew Doyle & Associates, arranged $23.5 million in financing on the Edge at Union Station, an 81 unit/251 bedroom student residence located at 8 Grafton St.
This 8-story redevelopment is located in downtown, with access to Union Train station, which provides commuter train service to Boston.
The Edge at Union station offers fully furnished urban-style apartments with private bathrooms for each bedroom, stainless steel appliances, granite countertops, full-size washer/dryers and a 50” flat screen TV. Common area amenities include a 24-hour business and computer center, a study room, 24-hour fitness center, yoga studio, stadium style video gaming room, bistro and lounge areas.
The lead lender of this participated loan was a Massachusetts based financial institution which provided an attractive fixed rate loan, flexible terms and a timely and professional closing.
Larew Doyle & Associates is a regional commercial real estate financing advisor with offices in Providence, RI, New York City and Syracuse, NY. Experienced institutional investment managers, this seasoned group of professionals provide their clients with unparalleled access and representation to the real estate debt and equity capital markets.
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