BOSTON — FinanceBoston has arranged $3,830,000 in financing for a redevelopment project in East Boston. The project will include construction of a rear addition and an additional floor, along with gut renovation of the existing four-story structure, to deliver nine high-end, newly constructed condo units. The property is located in East Boston’s Jefferies Point neighborhood, an area that has attracted numerous redevelopments as developers seek to capitalize on the influx of young professionals moving to the area, due its proximity to the Financial District, dynamic restaurant scene, and Boston Harbor views.
“This project was arranged with a local bank to provide our long-term client with an attractive capital structure” said Doug Landry, Partner at FinanceBoston. “We are very excited to see the transformation of the existing building into newly built, revitalized product that adds some much-needed new housing to the neighborhood”.
FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital markets 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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