BOSTON — FinanceBoston has arranged a $16,000,000 Construction Loan for a Ground-Up 49-Unit Apartment Development in the Roslindale neighborhood of Boston, MA. The almost 1.0-acre vacant land parcel will be redeveloped into a six story 49-unit apartment building. The 49 residences range from 1-bed, 2-bed, and 3-bedroom units with garage parking and an elevator.
“The project is a prime example of eliciting a property’s highest and best use” said Brian Rooney, Principal at FinanceBoston. “It’s vacant land in a great location, and through a collaborative process with the community and City, will now be transformed into something that benefits the neighborhood. This developer has a stellar track record for owning and developing multifamily property, and I’m looking forward to following this project and seeing the finished product.”
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.
