CB Richard Ellis secures financing for $7.5M Taunton apartment complex

TAUNTON, Mass. – CB Richard Ellis New England, through its multifamily debt and structured finance group, has secured $5.7 million in acquisition financing for the $7.5 million purchase of a 58-unit property known as Dean Estates.
The buyer is an affiliate of SVN/Parsons Commercial Group in Boston.
The apartment complex, at 120 Dean St., is a garden-style, multifamily development that was constructed in 1968, according to a CBRE news release.
The pair of three-story apartment buildings includes studio and one- and two-bedroom units. The community amenities include tennis courts, a clubhouse, additional storage and surface parking. The property is located in the central area of Taunton, and less than a mile from two schools.

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