SOMERVILLE — FinanceBoston arranged construction financing for a new ten-unit development located in Somerville, MA. The property is comprised of ten (10) new construction duplex style townhomes, and ten (10) parking spaces.
“We were impressed by our client’s ability to get the project approved. They worked closely with the City of Somerville, and all the stakeholders in the neighborhood to design a project they can all be proud of”, said Brian Rooney, Principal at FinanceBoston. “The previous building on this property was as a vacant commercial building so it’s great to see 10 much needed new homes being delivered to the undersupplied Somerville market,” added Jake Cremmen, Associate at FinanceBoston.
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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