BOSTON — FinanceBoston has arranged $970,000 in debt financing for the acquisition of a single-family property on East 5th Street in South Boston.  Additionally, the loan will cover the cost to renovate and convert the property into two separate units. The floor plan will total five bedrooms, four baths, and a newly finished basement.

“It was a pleasure to work with my client on this transaction” said Brian Rooney, Senior Associate at FinanceBoston. “Repositioning this underutilized vacant building to a two-family rental isn’t just an addition to our client’s portfolio, but simultaneously revitalizes the street and neighborhood.”

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.