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FinanceBoston Arranges $4,400,000 Construction Loan For a Boutique Assisted Living Residence Located in historic Sandwich
BOSTON — FinanceBoston has arranged construction financing to build a 14-unit addition to an existing 23-unit assisted living residence in Sandwich MA. Located on Main Street in Sandwich’s Historic district, and originally a single family residence, Decatur House is owned and operated by the Austin family, who provide a home-like environment and culture for our residents, and unlike any other assisted living community on Cape Cod.
“The structure of financing the addition was unique in that we were able to leave the original SBA debt in place and finance the new project with another SBA loan. Both loans have 25 year fixed rate components which is great option for owner occupied businesses“ said Brian Rooney of FinanceBoston. “I am excited to see the finished product, and the continued success of the Austin Family with Decatur House”.
FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital markets 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.
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