BOSTON — FinanceBoston has arranged a $1.77 million senior loan secured by a 13-unit apartment building in Dorchester. The property was acquired in 2015 and is fully stabilized with 100% occupancy.
“This closing was completed by arranging highly competitive terms commensurate with the strength of the asset, and it’s strong historical rental performance” said Brian Rooney, Senior Associate at FinanceBoston. “We were able to achieve a low 10-year fixed rate and 30-year amortization. The borrower recapitalized and pull cash out for future real estate acquisitions, while lowering their interest rate and reducing the monthly payment”.
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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