BOSTON — FinanceBoston has arranged $1,790,000 in Construction Financing for the ground up construction of a large single-family home on Polpis Road in Nantucket.  Fully approved by the Historic District Commission, the project will consist of a luxury single family residence, detached garage, and an in-ground pool.  Previously a vacant lot, the property will make a great addition to the already appealing neighborhood.

“2020 has been a good year for the second home market and Nantucket in particular.  With many buyers leaving crowded urban areas in exchange for a larger home with room for extended families and amenities like a pool and home office, Island living has never been more appealing.  From Jan-Oct sales volume on Nantucket increased 55% over the same period last year.” said Brian Rooney, Senior Associate at FinanceBoston. “I’m more than pleased for our client and looking forward to seeing the finished product.”

FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital solutions for acquisitions, developments, and refinances. Founded in 2004, FinanceBoston has earned a loyal client base that continuously relies on the firm’s creative capital advisory solutions for both debt and equity needs.