FinanceBoston Arranges $4,200,000 Senior Construction Facility for East Boston Luxury Condominiums
BOSTON — FinanceBoston advised and arranged $4,200,000 in senior financing for the construction of eight fully approved luxury condos in East Boston’s Jeffries Point neighborhood. The property features eight parking spaces, an elevator, high-end finishes and city view roof decks.
The financing was arranged via long-standing capital market relationships and involved changing lenders mid-stream to accommodate the needs of the developer.
“My client required a specialized approach and high-leverage construction financing for the completion of the project,“ said Doug Landry, Principal at Boston-based FinanceBoston. “This is a unique project and I am excited to see how its completion changes and improves the Jeffries Point 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.
FinanceBoston Arranges $4,200,000 Financing for Construction of Luxury Condominiums Facility for East Boston Massachusetts.
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