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FAM Asset Management, Arx Urban, and Boylston Properties, announced that they closed on a $58M loan from Aareal Bank to refinance 525 LINC, a coliving development in the Allston neighborhood of Boston that opened its doors in January 2024.

525 LINC includes 80 coliving suites and studios, equaling 279 rentable bedrooms, in a mix of studios, 3-and 4-bedroom suites. Newmark brokered the deal as the development soared past stabilization, currently 97% leased and occupied, as demand for new housing solutions increases because of Greater Boston’s housing crisis.