Berkadia Secures $60.8M to Refinance a Multifamily Property in Canton, Massachusetts
Canton, Massachusetts – April 18, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the successful refinancing of Waterfall Hills at Canton, a garden-style multifamily property in Canton, Massachusetts. Managing Director Robert Lipson of Berkadia New York secured a $60.8 million loan through Freddie Mac on behalf of the sponsor, Boston-based Chestnut Hill Realty Investments. The deal closed on March 28.
“We are pleased to have facilitated financing for the fourth time during Chestnut Hill Realty’s stewardship of Waterfall Hills at Canton. This milestone highlights the strong and lasting relationship between Chestnut Hill Realty, Berkadia, and Freddie Mac,” said Lipson.
“Chestnut Hill Realty, Freddie Mac, and Berkadia share a 25-year partnership that ensured this closing was seamless and expertly executed,” said Peter Poras, President of Chestnut Hill Realty Investments. “We are excited about the opportunities that lie ahead for Waterfall Hills at Canton and our expanding presence in the Boston market.”
Located at 55 Waterfall Drive, the property offers convenient access to Downtown Boston and is just minutes away from I-95 and Gillette Stadium. Waterfall Hills at Canton features generously sized and well-appointed apartment homes, many with recently renovated “open” floorplans in a suburban community ideal for families and young professionals. Community amenities at Waterfall Hills include a fitness center, pool and sundeck, tennis court, dog park, and more.
Berkadia Facilitates $61 Million Refinancing for Chestnut Hill Realty | CRE Market Beat