FinanceBoston has arranged a $7.29 million construction loan for the ground-up development of a 20-unit mixed use project in South Boston. The project will be comprised on 19 rental units over ground floor retail with structured parking. The property is located near Dorchester Avenue which provides direct access to both the Broadway and Andrew Square MBTA stations.
“The financing was completed with competitive terms from a local bank who saw my client’s vision for the property“ said Doug Landry, Partner at FinanceBoston. “In South Boston there is a shortage of new construction rental apartments outside of the high cost/high amenity buildings. I expect the lease-up to go very quickly for this location, and I look forward to working with this team again in the future.”
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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