Berkadia Arranges $61M Refi for Chestnut Hill Realty

Berkadia Arranges $61M Refi for Chestnut Hill Realty
News| April 21, 2025| Paul Bubny
Boston & New England + Apartment Buildings

Berkadia closed the $60.8-million refinancing of Waterfall Hills at Canton, a garden-style multifamily property located at 55 Waterfall Dr. in Canton, MA. Managing director Robert Lipson of Berkadia New York secured the loan through Freddie Mac on behalf of the sponsor, Boston-based Chestnut Hill Realty Investments.

“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. “We are excited about the opportunities that lie ahead for Waterfall Hills at Canton and our expanding presence in the Boston market.”

The property offers convenient access to Downtown Boston as well as I-95 and Gillette Stadium. Many of the units at Waterfall Hills offer renovated “open” floorplans in a suburban community suitable for families and young professionals. Community amenities at Waterfall Hills include a fitness center, pool and sundeck, tennis court and dog park.

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