FinanceBoston Arranges $2,400,000 Bridge Loan for Acquisition and Pre-Development of 41 Condos in Ashmont Neighborhood of Dorchester

BOSTON — FinanceBoston has arranged senior acquisition & pre-construction financing, for the acquisition of a BPDA approved project in the Ashmont neighborhood of Dorchester. The financing also involved proceeds for permitting work. The development is located steps from the Ashmont MBTA Station, The convenient location of this project is part of an exciting mixed-use area, and will provide much needed housing to the severely supply-constrained City of Boston.

“This closing was completed by providing high leverage financing for our client, allowing for minimal cash equity from the developer“ said Doug Landry, Principal at Boston-based FinanceBoston.

“We are looking forward obtaining the permits and assisting with the ultimate vertical construction of the asset next year”.
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.