BOSTON — FinanceBoston has arranged $4,620,000 in debt for the land acquisition, infrastructure, and construction of a new residential community in Rochester, Massachusetts. The project will consist of forty-four (44) homes, a clubhouse and pool, associated infrastructure and site work, all on thirty-three (33) acres of land in the center of town. While the project is low in density, the town center allows access to consumer life while maintaining a secluded rural feel.
“The Village at Plumb Corner is truly one of the best new residential communities in Plymouth County. The financing was multi-faceted in that it consisted of separate loans for purchase/site work, as well as a revolving line of credit for vertical construction of the homes” said Brian Rooney, Senior Associate at FinanceBoston. “I look forward to seeing this project progress, and to provide much needed new housing for the larger Buzzards Bay and Plymouth County community”.
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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