BOSTON, Dec. 17, 2025 –  JLL Capital Markets announced today that it has arranged a $23 million senior financing for 1008 Mass Ave, a 65-unit luxury multifamily property in Cambridge, Massachusetts.

JLL represented the borrower with support from Boston Residential Group, LLC, in securing the loan through Manulife / John Hancock Life Insurance Co.

Located at 1008 Massachusetts Ave. in Cambridge, the property sits strategically between Harvard Square and Central Square, offering residents exceptional access to world-class amenities within walking distance. The building is steps from Harvard University and MIT, positioning it at the heart of Cambridge's renowned academic and innovation hub. With a Walk Score of 97 out of 100, the property provides a "Walker's Paradise" where daily errands can be accomplished without a car.

Cambridge continues to be one of the nation's most desirable multifamily markets due to its highly educated workforce, innovative knowledge-based economy and perpetual demand drivers from leading academic institutions. The Harvard MIT submarket showcases exceptional strength with premium rents averaging 31% above market average and strong occupancy fundamentals.

The seven-story building, constructed in 1999, features 65 thoughtfully designed studios, one- and two-bedroom apartments, along with ground-floor retail space currently occupied by Gibson Sotheby's International Realty. The property offers 67 covered parking spaces and premium amenities including 24-hour concierge services, a fitness center, a seventh-floor sundeck with panoramic city views and laundry facilities on every floor.

JLL Capital Market’s Debt Advisory team was led by Managing Director Anthony Cutone, Director Madeline Joyce and Associate Michael Schwarze.

"This transaction demonstrates the continued institutional interest in well-positioned multifamily assets in Cambridge's dynamic market," said Cutone. "1008 Massachusetts Ave's prime location between Harvard Square and Central Square, combined with its quality construction and strong operational performance, made it an attractive refinancing opportunity."

Boston Residential Group, who supported the borrower, is a premier Boston-based real estate investment and development firm founded in 2003. They have developed and managed over 2,000 units representing $1.0 billion in real estate assets. The company specializes in urban development, creating distinctive properties that blend seamlessly into Boston's neighborhoods.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.