Affinius Capital LLC today announced the closing of 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, MA. The loan was made to a joint venture between Blue Vista and Cabot, Cabot, & Forbes, alongside a junior mezzanine loan from Siguler Guff & Company.
Affinius Capital Senior Vice President Perry Katz commented, “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. The development is well amenitized and expected to continue attracting young professionals and graduate students seeking premier housing options.”
The project features the rehabilitated, historic St. Gabriel’s monastery and church, along with three new residential buildings offering 555 apartments. The thoughtfully designed unit mix includes 163 studios, 169 one-bedrooms, 190 two-bedrooms, 32 three-bedrooms, and a unique four-bedroom residence.
Each apartment offers premium finishes, including wood style flooring, washers and dryers, stainless steel appliances, quartz countertops, and high-end kitchen and bathroom fixtures. Residents can enjoy resort-caliber amenities such as a stunning pool, a sky lounge with panoramic Boston and Cambridge views, a fitness center, dual two-story parking garages, a game room, a 24-hour concierge, a business center, a co-working space, a café, a putting green, bike storage, and more than seven acres of open space.
The property’s strategic location provides residents with convenient access to major employment hubs and Boston’s city center while offering more affordable living options compared to downtown while maintaining a close proximity to the city’s amenities.
About Affinius Capital LLC
Affinius Capital® is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $64 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
