FinanceBoston Arranges $5,100,000 Acquisition & Construction Financing for 7-Unit Luxury Condo Development
BOSTON — FinanceBoston has arranged $5,100,000 financing for the acquisition of development rights and construction loan for seven luxury condominiums in South Boston, MA. The developer is taking over the vacant lot and will immediately begin construction of a ground-up development that will meet the high-end needs of today’s buyers.
“We were impressed by our client’s perseverance to finally get this project over the finish line. They first bid on acquiring the development rights in 2015, and had to work through numerous legal, design and permitting issues. It’s a credit to their tenacity and will to create a product the community will be proud of” said Alex Blake, Senior Associate at FinanceBoston. “We believe our client is among the best in the neighborhood at creating boutique, luxury condominiums and are excited to watch them succeed again.”
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.
