BOSTON — FinanceBoston has arranged a $3,200,000 cash out refinance for a multifamily portfolio in Boston, MA. The loan encompasses several properties throughout the neighborhoods of Dorchester, Mattapan, and Hyde Park.  A regional bank provided a 10-year fixed rate mortgage sub 3.0%.

“We were excited to secure such attractive terms for our client and to allow a sizable cash out while also securing a very low rate” said Brian Rooney, Senior Associate at FinanceBoston. “Dealing with multiple properties’ and paying off several different lenders invited a few complexities but we were very satisfied with the end result securing a rate in the 2’s.”

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.