 (2).jpg)
News: Front Section
Posted: July 19, 2019
FinanceBoston arranges $2.4m bridge loan for the development of 41 condos
Dorchester, MA FinanceBoston has arranged $2.4 million bridge loan for the acquisition of a BPDA approved project in the Ashmont neighborhood. The development with include 41 condominium units. The financing also involved proceeds for permitting work. The development is located near the Ashmont MBTA station. The location of this project is part of an exciting mixed-use area, and will provide much needed housing to the severely supply-constrained city.
“This closing was completed by providing high leverage financing for our client, allowing for minimal cash equity from the developer,” said Doug Landry, principal at FinanceBoston. “We are looking forward obtaining the permits and assisting with the ultimate vertical construction of the asset next year.”
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
