FinanceBoston has arranged a $3.6 million cash-out refinance loan for recently renovated units in East Boston. The Sponsor had acquired the properties recently, and fully renovated each unit to condo-level finishes to obtain top rents.
“The financing was completed with competitive terms from a local bank who saw the value creation and the opportunity for repeat business“ said Doug Landry, Partner at FinanceBoston. “In East Boston there continues to be a shortage of high quality rentals outside of the high cost/high amenity buildings. I expect these properties to continue their strong performance which justified the competitive rate and terms offered for this project.”
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.
FinanceBoston has the experience, relationships, and expertise to get you the most advantageous financing solution. Contact us today, or Request Financing here.
