BOSTON – FinanceBoston has arranged a $14,658,000 senior debt loan for the acquisition and construction of 32 luxury condominium units and 1 commercial space located in East Boston, MA.
The project will deliver twenty-seven market-rate condominium units and five affordable units that will boast top-of-the-line finishes, large open living areas with private outdoor spaces, and eighteen garage parking spaces for sale.
“Real estate in East Boston is experiencing a surge in demand, driven by young professionals, families, and developers recognizing its potential.” said Alex Blake, Senior Associate at FinanceBoston. “With financing now secured and construction scheduled to start this fall, we look forward to our client streamlining his business plan and bringing much-needed housing to a rapidly growing urban neighborhood.”
FinanceBoston, a real estate capital advisory firm, provides real estate operators and developers with tailored 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.
Acquisition and Construction
