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Properties

Shawmut Loan Portfolio
SHAWMUT LOAN PORTFOLIO
GREATER BOSTON, MA


 
Description

Investment Date: March 1995

Investment Cost: $1.55 Million

Improvement Cost: N/A

Sale Price: $2.1 Million

Sale Date: June/October 1995

IRR: 76.5%
Portfolio of two loans purchased from Shawmut Bank secured by apartment buildings in Quincy and Hudson, Massachusetts.

Strategy

The loans were purchased and sold in a seven month period for an internal rate of return of 76.5%.

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Charter Capital Management, Inc.