FinanceBoston Arranges Cash-Out Pre-Construction Financing for 18-Unit Luxury Condo Project in Cambridge, Massachusetts
BOSTON — FinanceBoston has arranged senior pre-construction financing for an 18-unit luxury condominium project in vibrant East-Cambridge.
The development is located on Cambridge Street, a primary thoroughfare providing direct access to MIT, Kendall Square and Cambridge Crossing. The convenient location of this project is part of an exciting mixed-use area, and will provide much needed housing to the severely supply-constrained city of Cambridge.
“This closing provides the liquidity necessary to complete the engineering and architectural work needed obtain construction permitting,“ said Doug Landry, Principal at Boston-based FinanceBoston. “We are looking forward to closing the follow-on construction financing later this year, and breaking ground on the vertical construction.“
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.
