BOSTON – FinanceBoston has arranged a $2,400,000 loan for the refinance of the mixed-use property located at 501-505 E 8th Street, South Boston, MA. This property is comprised of 4 residential units and the iconic pub/restaurant known as the “Shamrock Pub.”

This marks the first refinance of the property since FinanceBoston secured acquisition financing for the original purchase in 2021 on a five-year fixed rate. Since its reopening and full interior renovation under new ownership in 2021, the pub has taken off and become one of South Boston’s most beloved neighborhood spots. “I’m glad to have assisted our client with the refinancing of this iconic South Boston neighborhood staple and look forward to seeing the continued growth of the business, which has created immense value just four years after reopening. Having been my first closing at FinanceBoston, this deal is especially meaningful to see it come full circle. In a challenging market where cash-out refinances have been difficult to secure, we’re proud to have achieved this excellent result for our client,” said Shane Carthy, Principal at FinanceBoston.

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.