FinanceBoston has arranged a $8.229 million senior construction loan for the rehabilitation of a dilapidated building into 12 premium condos. The property is located in the exciting Central Square neighborhood of Cambridge, less than a mile from Harvard Square. The project will involve a complete gut renovation of the interior and a comprehensive overhaul of the exterior and all systems.
“The financing was completed with a local bank who saw the vast potential for the site and who was well aligned with my client’s vision for the rehabilitation of this property“ said Doug Landry, Principal at Boston-based FinanceBoston. “I expect the sell out to go very quickly for this one-of-a-kind location.”
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.
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