Berkadia successfully refinanced Waterfall Hills at Canton, securing a $60.8 million loan on behalf of Chestnut Hill Realty Investments, highlighting the strength of their long-term partnership.

Information on the Target

Waterfall Hills at Canton is a garden-style multifamily property situated in Canton, Massachusetts. It boasts a prime location at 55 Waterfall Drive, providing residents with convenient access to Downtown Boston, I-95, and Gillette Stadium. The property features spacious and well-appointed apartment homes, many of which have undergone recent renovations to include modern 'open' floorplans. This suburban community caters to families and young professionals, offering a tranquil living environment coupled with urban accessibility.

The multifamily property is strategically designed to meet the needs of its residents, complemented by a range of community amenities such as a fitness center, a pool with a sundeck, a tennis court, and a dedicated dog park. These features attract a diverse tenant demographic and enhance the overall appeal of the property within the competitive housing market.

Industry Overview in the Target’s Specific Country

The multifamily housing sector in the United States continues to experience robust growth, supported by favorable economic conditions and demographic trends. High demand for rental propert