FinanceBoston has arranged senior cash-out construction financing, secured by a 44-unit condo property located in the Alewife neighborhood of Cambridge. The development is located steps from the Alewife MBTA Station. The convenient location of this project is part of an exciting mixed-use area which will soon benefit from a major influx of lab and office tenants.
“This closing was completed by arranging a financing structure which involved a syndication between two local banks“ said Doug Landry, Principal at Boston-based FinanceBoston. “This project should go up quickly and greatly enhance the neighborhood for years to come”.
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.
