Stephanie Vogel of the Largo Group of Companies, arranged a $2.8 million permanent first mortgage to pay off the existing debt on a 14 unit brownstone style multifamily property located in the Back Bay area of the city.
The loan was structured as a 10 +10 year fixed rate deal. It was financed through one of Largo's correspondent life insurance companies.
The property is located at 9 Commonwealth Ave., 1/2 block from the public gardens and in close proximity to Newbury St., Boylston St., Boston University, Boston College, MIT and Harvard. The subject neighborhood is one of the most sought after areas in the city.