SOMERVILLE — FinanceBoston Arranges $12,550,000 in Construction Debt and JV Equity for the Development of 20 Luxury Condominiums in Somerville, MA.
The strategically structured financing package reflects the collaborative efforts of Shane Carthy (Principal – FinanceBoston) and Brian Rooney (Principal – FinanceBoston). Their confidence and experience not only validates the project’s viability but also emphasizes the position of FinanceBoston as a trusted player in the real estate development landscape.
Shane Carthy says “This joint venture signifies not only a financial collaboration but a partnership founded on mutual trust and a shared vision for the future of real estate. We look forward to witnessing the creation of a truly iconic living experience in the vibrant city of Somerville”. The building sits on the highest point in Somerville adding a distinctive element to the project, offering residents unparalleled views of the Boston City skyline. The incorporation of this unique aspect exceeds the expectations of luxury living.
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.
