New England Realty Associates LP has entered into amendments to its existing Master Credit Facility Agreement with KeyBank National Association, securing significant financing for strategic property transactions. On May 30, 2025, the Partnership finalized two separate amendments, allowing for advances of $40,000,000 and $18,664,000 at fixed interest rates of 5.99% and 5.84%, respectively. The $40 million advance, in conjunction with existing funds and a bridge loan from KeyBank, is earmarked for the acquisition of Hill Estates in Belmont, Massachusetts. Meanwhile, the $18,664,000 advance has been utilized to refinance the Partnership's existing loan with Brookline Bank, specifically for the Hamilton Highlands property. These financial moves align with New England Realty's strategic growth and refinancing objectives.
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