FinanceBoston has arranged acquisition and construction financing for two townhomes located in Wellesley, MA. Funded through a mix of debt and equity sources, the existing structure be renovated to create two high-end units commensurate with the Wellesley market. The deal was completed by pairing equity investors with a lender who could see the potential for the subject property. Without having to demolish the existing structure, the project is expected to be completed quickly, within 6-9 months, with pre-sales beginning in early 2021.
FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital markets 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.
