BOSTON – FinanceBoston has arranged a $2,150,000 loan for the refinance of a 4-unit mixed-use property located at 921-923 East Broadway, South Boston, MA. The property consists of three residential units and one retail unit.
The sponsor initially utilized a hard money lender to acquire the property in April 2025. FinanceBoston assisted the sponsor by securing a cash-out refinance, converting the existing short-term loan into a permanent loan. The remaining proceeds will be used to pay off higher-interest debt and lines of credit. The sponsor also plans to invest $350,000 in building improvements across all four units and already has a lease in place for the retail space.
“I’m glad to have assisted our client with the refinancing of this South Boston property on East Broadway and look forward to seeing the interior and exterior renovations take shape,” said Shane Carthy, Principal at FinanceBoston. “Although cash-out refinances have been challenging to secure due to current interest rates, I’m optimistic that rates will decline over the next year.”
FinanceBoston, a real estate capital advisory firm, provides real estate operators and developers with custom capital solutions for acquisitions, developments, and refinances. Founded in 2004, FinanceBoston has earned a loyal client base that consistently relies on the firm’s creative capital advisory solutions for both debt and equity needs.
