FinanceBoston Arranges $31,800,000 Long Term Fixed-Rate Non-Recourse #Financing Secured by a Portfolio of Historic #Massachusetts Inns – #Salem #Concord #Strubridge

FinanceBoston Arranges $31,800,000 in Long Term Fixed-Rate Non-Recourse Financing Secured by a Portfolio of Historic Massachusetts Inns

BOSTON — FinanceBoston has arranged a $31.8 million senior loan secured by The Hawthorne Hotel in Salem, The Colonial Inn in Concord, and the Publick House in Sturbridge. These historic properties were constructed as early as 1716, and are all members of the Historic Hotels of America. Each property benefits from a irreplaceable trophy location in the core of their respective communities.

“This closing was completed by arranging a two-bank syndicate, with highly competitive terms commensurate with the strength of each asset and more importantly, the management team“ said Doug Landry, Principal at Boston-based FinanceBoston. “We are looking forward working with our client on future acquisitions as they expand their historic New England portfolio”.

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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FinanceBoston has the experience, relationships, and expertise to get you the most advantageous financing solution. Contact us today, or Request Financing here.

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