FinanceBoston has arranged a $3.6 million cash-out refinance loan for recently renovated units in East Boston. The Sponsor had acquired the properties recently, and fully renovated each unit to condo-level finishes to obtain top rents.

  “The financing was completed with competitive terms from a local bank who saw the value creation and the opportunity for repeat business“ said Doug Landry, Partner at FinanceBoston. “In East Boston there continues to be a shortage of high quality rentals outside of the high cost/high amenity buildings.  I expect these properties to continue their strong performance which justified the competitive rate and terms offered for this project.”

  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.