Tags: FinanceBoston Arranges Cash-Out Pre-Construction Financing for 18-Unit Luxury Condo Project in Cambridge, Massachusetts
BOSTON — FinanceBoston has arranged senior pre-construction financing for an 18-unit luxury condominium project in vibrant East-Cambridge.
The development is located on Cambridge Street, a primary thoroughfare providing direct access to MIT, Kendall Square and Cambridge Crossing. The convenient location of this project is part of an exciting mixed-use area, and will provide much needed housing to the severely supply-constrained city of Cambridge.
“This closing provides the liquidity necessary to complete the engineering and architectural work needed obtain construction permitting,“ said Doug Landry, Principal at Boston-based FinanceBoston. “We are looking forward to closing the follow-on construction financing later this year, and breaking ground on the vertical construction.“
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 Provides Real Estate Capital and Advisory Services to Investors and Developers.
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